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Juan

Update on Juan

Juan works as a driver for a company that delivers groceries. The loan he is requesting will be used to build walls for a room in his house so that his family will be more comfortable. Juan is married and has three children. They live in the District of Tembladerani in the city of La Paz.


This is the fourth time he has worked with IMPRO and the third time with Kiva.

View original language description ↓
Juan, trabaja como chofer en una empresa repartiendo productos de abarrotes.
El crédito lo requiere para la construcción de muros de una habitación de su casa para brindar comodidad a su familia.
Juan, es casado y tiene tres hijos con los cuales vive en la zona Tembladerani de la ciudad de La Paz.
Es la cuarta vez que trabaja con IMPRO y la tercera vez junto a KIVA.

Previous Loan Details

Juan is a driver; her works delivering various retail products to stores in the city of La Paz. He needs the loan to service his vehicle, specifically for engine repairs. This is the only activity he has to help cover family expenses. He lives in his own house located in the city of La Paz’s... More from Juan's previous loan »

Additional Information

About IMPRO

IMPRO 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.

About Housing Loans

Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.

About Bolivia

  • $5,500
    Average annual income
  • 183
    View loans »
    Bolivia Loans Fundraising
  • $31,008,200
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $500 helped Juan to build the walls for a room in his house.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 18, 2012
Listed
Mar 13, 2012
Currency Exchange Loss:
N/A
Ended:
Jun 17, 2013
This photo was used before for a previous loan for Juan. It was first posted on Kiva on Oct, 2011. Learn More