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Update on Gumercinda

Gumercinda continues with her food sales activity. She relates that she did well with the previous loan that she used to service her vehicle. On this occasion she requests the loan to buy ingredients to make her meals. She feels happy and grateful for the business growth opportunity she’s being given..
View original language description ↓
La Sra. Gumercinda sigue con la misma actividad de la Venta de comida, cuenta que le fue bien con el anterior crédito ya que lo utilizo en el mantenimiento de su vehículo, en esta ocasión solicita el crédito para la compra de insumos para la elaboración de sus comidas, se siente feliz y agradecida por la oportunidad que le dan para crecer en su negocio.

Previous Loan Details

Gumercinda is an old client of the institution. She started working in group 'solidario' [solidary] which has three members and is called "Santa Maria". She has worked with her group members for the past three years, working with individual loans. Her husband works in construction and is constant... More from Gumercinda's previous loan »

Additional Information

About Emprender

Emprender has been working in Bolivia since 1999. It is dedicated to becoming a key tool in the development of its clients and the improvement of their quality of life. Operating in three of Bolivia’s major cities – La Paz, Cochabamba, and Santa Cruz – Emprender offers both urban and rural clients the opportunity to obtain financial products tailored to fit their needs and businesses. These products include housing loans, salary loans, “opportunity” (short-term) loans, and higher education loans. To better the quality of life for its clients and non-clients through non-financial services, Emprender offers free medical consultations and health classes given by trained doctors.

Concurrent and Successive Loans

Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.

This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.

About Bolivia

  • $5,500
    Average annual income
  • 119
    View loans »
    Bolivia Loans Fundraising
  • $36,709,225
    Funds lent in using Kiva
  • 6.9
    Bolivia Bolivianos (BOB) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,225 helped Gumercinda to buy ingredients.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Jun 26, 2013
Jul 26, 2013
Currency Exchange Loss:
Jun 18, 2014
This photo was used before for a previous loan for Gumercinda. It was first posted on Kiva on Feb, 2012. Learn More