Update on GiselaGisela is single mother and has a son who is a high school student. She lives in the home of her parents in the District of San Martin in city of La Paz, where she occupies only one room. With the help of her parents, Gisela acquired a vehicle that she uses to earn income for expenses, such as food and her son's education. She also earns extra income working jobs as a seamstress, so she drives her vehicle on the weekends. Gisela's job is very dangerous since she recently learned how to drive, but she needs more income to cover the expenses of her son. She does not have health insurance. The loan she is requesting will be used to repair the engine of her taxi so that it can continue to operate as normal.
Gisela's dream is to be able to pay for her son's university expenses and to acquire a house through an "anticrético" (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) or buy a house of her own. This would give her greater comfort and a better quality of life.
This is the eighth time she has requested a loan from IMPRO and the seventh with Kiva. Gisela separated from her husband and was not able to keep the taxi that both of them owned. Therefore, she needed the help of her parents to buy another taxi so that she would not lose a source of income.
El sueño de Gisela, es poder pagar los gastos de estudios universitarios para su hijo y tener un anticretico o una casa propia para darle más comodidad y mejorar su calidad de vida.
Es la octava vez que solicita crédito en IMPRO y la septima conKIVA.
Gisela se separó de su esposo y no pudo quedarse con el taxi que ambos tenían, de manera que tuvo que recurrir a la ayuda de sus padres para comprar otro taxi para así no perder los ingresos que se obtenían del mismo.
Previous Loan DetailsGisela is a seamstress living with her son and husband who is a driver. She needs the loan to buy a kit to change from gasoline to natural gas for her husband’s taxi because that’s the source of income for family support. With this modification fuel costs will be noticeably reduced. Griselda… More from Gisela'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 21, 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.