Update on MarcelinoMarcelinos is married and has two school age children. They live in his mother and father-in-laws’ house. They live a room with adobe walls and a dirt floor. The house is in the Puerto Mejillones area of the city of La Paz.
He currently gets income from working as a driver all night for over eight hours. With the little that he earns he needs to cover all of his family’s expenses for education, food, and medical expenses. He does not have medical insurance.
He needs the loan to buy bricks and cement to build a wall at his in-laws’ house. He will do this to provide his family with more security, especially when it rains.
Marcelino’s dream is to have his own house, to make his family more comfortable, and to improve their quality of life.
This is the second time he has worked together with IMPRO and Kiva.
Actualmente percibe ingresos ya que trabaja como chofer toda la noche y por más de ocho horas y con lo poco que gana debe cubrir todos los gastos de su familia ya sean de estudios, alimentación y gastos médicos ya que tampoco cuenta con seguro medico.
El crédito lo requiere para la compra de ladrillo y cemento para la construcción de un muro en la vivienda de sus suegros para dar más seguridad a su familia más que todo en tiempos de lluvia.
El sueño de Marcelino es tener su casa propia y dar más comodidad a su familia y mejorar su calidad de vida.
Es la segunda vez que trabaja junto a IMPRO y KIVA.
Previous Loan DetailsMarcelino works all day as a driver with his own car in the city of La Paz. This business activity is the only source of income to support his family. He needs the loan for finishing a wall around his house in order to give his family more security. Marcelino is married. He lives with his... More from Marcelino'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
- 17 months (Additional Information)
- Repayment Schedule
- May 15, 2012
- Jun 18, 2012
- Currency Exchange Loss:
- Sep 17, 2013
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.