Update on JhonnyJhonny is married and lives in a house where rents a small brick room with a cement floor. The house is located in the District of San Martín in the city of La Paz.
Jhonny only has a high school education, so he currently works as a taxi driver, even though he runs the risk of being robbed or assaulted on the job. He works long hours until very late at night. For this reason, he needs a loan to purchase tires for his two taxis since they provide the only source of income to help support his family. Jhonny dreams of acquiring a house of his own or one through an "anticrético" agreement (a contract to rent property whereby the renter pays the landlord a fixed sum at the start of the rental period in lieu of paying monthly rent; at the end of the rental period, the tenant receives the sum back, in full, from the landlord, thus resulting in rent-free living). This will provide greater comfort and security for his family, thus improving their quality of life.
With his previous loan, Jhonny was able to replace the transmission on one of his taxis and continue generating income for his services.
Jhonny estudió solo hasta la secundaria y actualmente trabaja como chofer sin importar los riesgos que pueda tener de robo o asalto ya que trabaja muchas horas y hasta altas horas de la noche, es por eso que requiere el crédito para la compra de llantas para sus dos taxis ya que son la única fuente de trabajo que tiene para mantener a su familia.
El sueño de Jhonny, es tener un anticretico o una casa propia para dar más comodidad y seguridad a su familia y con esto mejorar su calidad de vida.
Con el crédito anterior Jhonny pudo cambiar una caja de cambios en uno de sus taxis y continuar recibiendo ingresos por sus servicios.
Previous Loan DetailsYhonny is a driver, and he has his own car. This passenger transport business is the source of income that he has to support his family. He needs the loan to buy a transmission for his vehicle because the one he has is starting to fail. He has one child, and he rents where he lives in the… More from Jhonny'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
- 7 months (Additional Information)
- Repayment Schedule
- Apr 12, 2012
- May 14, 2012
- Currency Exchange Loss:
- Oct 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.