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Pacifico

Update on Pacifico

Pacifico has been working without a break, and his transportation has been utilized at 100% capacity. Pacifico works for himself as a driver, and is part of a transportation syndicate in the city of La Paz.

The loan that he is requesting is for maintenance of his vehicle, as this is the only source of income that he has for supporting his family.

Pacifico is married with three children. He lives in the Gran Poder neighborhood of La Paz city.

This is his fifth time working with IMPRO, and his fourth time with Kiva.
View original language description ↓
Pacifico ha estado trabajando sin descanso y su movilidad ha sido utilizada al 100 %.Pacífico, trabaja como chofer propietario dentro de un sindicato de transportes de la ciudad de La Paz.
El crédito lo requiere para el mantenimiento de su vehiculo ya que es el único ingreso que tiene para mantener a su familia.
Pacífico, es casado y tiene tres hijos, vive en la zona Gran Poder la misma ubicada en la ciudad de La Paz.
Es la quinta vez que trabaja junto a IMPRO y la cuarta vez con KIVA.

Previous Loan Details

Pacífico works as a driver and is affiliated with one of the many transportation syndicates in the city of La Paz. He needs the loan to buy an engine for the minibus he owns and that he works with to continue to offer transportation for the people in the city in the best possible conditions. ... More from Pacifico'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 Bolivia

  • $5,500
    Average annual income
  • 210
    View loans »
    Bolivia Loans Fundraising
  • $31,401,400
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $500 helped Pacifico to pay for maintenance for his vehicle for passenger transportation.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 18, 2012
Listed
Mar 19, 2012
Currency Exchange Loss:
N/A
Ended:
Sep 15, 2012
This photo was used before for a previous loan for Pacifico. It was first posted on Kiva on Sep, 2011. Learn More