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Update on Mirardo

For his second loan through Kiva, Mirardo is carrying on with the same job of selling condiments such as pepper and cumin.

His previous loan went well, as he bought an industrial grinder and expanded his income. This time he is asking for a loan to buy wholesale condiments as he will soon open a shop, and he needs to stock it with products. He feels happy and grateful for the opportunity they are giving to him to expand his business and improve his quality of life, as this is the only job that lets him support himself.
View original language description ↓
El señor Mirardo sigue con la misma actividad de la venta de condimentos como ají y cominos cuenta que le fue bien con el anterior crédito ya que lo utilizo en la compra de una moledora industrial y incremento su ingreso, en esta ocasión solicita el crédito para la compra de condimentos al por mayor ya que recién abrirá una tienda y necesita surtirla de productos, se siente feliz y agradecido por la oportunidad que le dan para crecer en su negocio, mejorar su calidad de vida ya que esta es la única actividad que le permite mantenerse.

Previous Loan Details

Mirardo is 37 years old and has a 7-year-old daughter. He has a stall selling condiments and spices to season food. His store is located in the 9 de Abril neighborhood. This is his first loan cycle with the institution. Mirardo will use the loan to buy an industrial grinder to grind cumin and dri... More from Mirardo'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
  • 127
    View loans »
    Bolivia Loans Fundraising
  • $36,246,475
    Funds lent in using Kiva
  • 6.9
    Bolivia Bolivianos (BOB) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,250 helped Mirardo to buy sacks of spices like pepper and cumin in order to open a shop.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Feb 4, 2014
Mar 1, 2014
Currency Exchange Loss:
Sep 22, 2014
This photo was used before for a previous loan for Mirardo. It was first posted on Kiva on Oct, 2013. Learn More