Update on RicardoRicardo is married and has three children who are of school age. He works more than 10 hours as a taxi driver, but he does not earn much money since his vehicle consumes too much gasoline. For this reason, he is requesting a loan so that can replace the gas-powered engine in his vehicle to one that runs on natural gas. This will increase his earnings so that he can support his family. Ricardo does not have health insurance or a home of his own. His family lives in a house where they rent three brick rooms that have dirt floors. The house is located in the District of San Martín in the city fo La Paz. One of his dreams is to have a house of his own so that he can provide security and comfort for this family, mainly for his children since they are young.
This is the 15th time Ricardo has worked with IMPRO and the 6th time with Kiva.
The cost difference of using a natural gas vehicle versus one powered by gasoline is approximately 50%. For this reason, many taxi drivers and passenger minibus owners prefer to install the mechanism required to use natural gas. This results in cost savings for their businesses.
El trabaja como conductor por más de diez horas y no cuenta con muchos ingresos ya que su vehiculo consume mucha gasolina es por eso que solicita el crédito para hacer el cambio de combustible de su vehiculo a gas natural y de esta forma aumentar sus ingresos para mantener a su familia ya que no cuenta con seguro medico ni casa propia por que viven en una casa en anticretico y ocupan tres habitaciones de ladrillo y pisos de tierra la misma ubicada en la zona San Martín de la ciudad de La Paz.
Uno de los sueños que tiene el cliente es poder tener una casa propia para dar seguridad y comodidad a su familia más que todo a sus hijos ya que aun son pequeños.
El cliente trabaja junto a IMPRO por 15ava vez y KIVA por sexta vez.
La diferencia en el costo de gas natural vehicular y gasolina es de aproximadamente un 50%, por lo que muchos taxistas y dueño de Mini-buses de transporte de pasajeros prefieren hacer instalar el mecanismo que les permitirá usar gas natural vehicular y así ahorrarán en sus costos operativos de sus negocios.
Previous Loan DetailsRicardo is a taxi driver, and he has his own car. He needs the loan to buy a motor for his vehicle in order to continue working and maintaining his level of income. He is married and has three children. He lives in “anticretico” (Anticretico is a transaction not available in the U.S. whereby... More from Ricardo'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