Update on PacificoPacifico 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.
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 DetailsPacífico 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. He… More from Pacifico'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
- 8 months (Additional Information)
- Repayment Schedule
- Feb 18, 2012
- Mar 19, 2012
- Currency Exchange Loss:
- Sep 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.