Update on SarinaSarina has been working very hard to satisfy the demand and tastes of her customers.
Sarina works as a pharmacist during the week, and during the week-ends she sells food at a fair in order to support her family.
She needs the loan to build a home-made oven to prepare the food and get more income.
She is married and has one child. She lives in her mother-in-law’s house in the 16 de Julio zone in the city of El Alto.
This is the third time that she has worked with IMPRO, and it is the second time that she has worked with Kiva.
La señora Sarina, trabaja como farmacéutica en la semana y los fines de semana vende comida en una feria para mantener a su familia.
El crédito lo requiere para la construcción de un horno casero para la preparación de la comida y de esta forma obtener mas ingresos.
Ella es casada, tiene un hijo y vive en la casa de su suegra en la zona 16 de Julio ubicada en la ciudad de El Alto.
Es la tercera vez que trabaja con IMPRO y la segunda vez junto a KIVA.
Previous Loan DetailsSarina sells roasted piglet and roasted chicken on Thursdays and Sundays at the market in the city of El Alto. On the rest of the days she works as a pharmacist in a pharmacy. She needs the loan to buy materials, like a refractory brick, to repair her oven that she uses in her food sales busi... More from Sarina's previous loan »
About IMPROIMPRO is a small non-profit organization that has been offering micro credit to the working poor in the Bolivian cities of La Paz and El Alto since 1995. IMPRO’s goal is to fight poverty by offering loans to small business owners who cannot access credit through the regular banking system due to a lack of guarantees or collateral.
To ensure that everyone has access to credit, IMPRO maintains a low interest rate by minimizing operational costs. IMPRO’s partnership with Kiva, which began in 2007, has allowed IMPRO to expand its services while maintaining these low interest rates.
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.
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Success!! The loan was 100% repaid
- Repayment Term
- 10 months (Additional Information)
- Repayment Schedule
- Feb 3, 2012
- Feb 27, 2012
- Currency Exchange Loss:
- Nov 15, 2012
Photo from previous loan
Kiva allows our Field Partners to re-use the same photo for individual borrowers that have been posted on Kiva's website once before in a 24 month period, and we allow them to re-use group photos for up to 24 months, provided that 80% of the current group's membership is represented.
Taking, collecting, and uploading photos of borrowers is one of the most challenging elements of using Kiva for our Field Partners. In order to make Kiva easier for Field Partners to use, we have allowed them to post successive and concurrent loans without taking a new photo of the borrower if the criteria above are met.