Update on JoaquinJoaquín is married and has four school age children. They live in his mother and father-in-laws’ house, occupying only three rooms with adobe walls and dirt floors. The house is located in the Brasil area of the city of El Alto.
He currently works making clothes for men, women, and children. He works for more than 12 hours as this is his only source of income to cover the food, education, and medical expenses and the basic services for his family. His wife went to work abroad, and once in a while she sends him a little money for their children.
This is why he is requesting the loan to buy a piece of land. He will later build in order to make his children more comfortable and to improve their quality of life.
Joaquín’s dream is to be able to build a house so that his children feel safe. He also dreams of having a larger shop to make garments in quantity and improve his income.
This is the third time that he has worked with IMPRO and Kiva.
Actualmente trabaja como artesano costurero ya que se dedica a la elaboración de prendas de vestir para hombres, mujeres y niños, trabaja por más de doce horas ya que él es el único que cubre los gastos de alimentación, estudios, gastos médicos y servicios básicos de su familia por que su esposa se fue a trabajar al exterior y de vez en cuando le envía un poco de dinero para sus hijos.
Es por eso que solicita el crédito para comprar un terreno y posteriormente construir para dar más comodidad a sus hijos para mejorar su calidad de vida.
El sueño de Joaquín es poder construir su casa para que sus hijos se sientan seguros y tener su taller más grande para elaborar prendas en cantidad y mejorar sus ingresos.
Es la tercera vez que trabaja junto a IMPRO y KIVA.
Previous Loan DetailsSr. Joaquín is a sewing artisan. His wife works abroad in order to help their family financially. The loan he is requesting will be used to buy an embroidery machine so that he can improve the quality of his products. By perfecting the finishing touches on his goods, he will be able to attract… More from Joaquin'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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- Repayment Term
- 14 months (Additional Information)
- Repayment Schedule
- May 9, 2012
- Jun 8, 2012
- Currency Exchange Loss:
- Jul 8, 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.