Update on MariaMaria is married and has two children. They live together in a rented house, occupying only three rooms. The house is located in the Villa Copacabana area of the city of La Paz.
She currently gets income from selling clothes for men, women, and children. She works over ten hours a day in an itinerant manner because she does not have a fixed stand. With the little she earns she needs to cover her family’s food, rent, and basic services expenses. She does not have any other income.
She is requesting the loan to buy clothes in large quantity because she wishes to increase her income.
Maria’s dream is to have her own house in order to be more comfortable and to improve her quality of life.
This is the second time she has requested a loan from IMPRO and Kiva.
Actualmente percibe ingresos ya que se dedica a la comercialización de ropa para varones, mujeres y niños, trabajando por más diez horas de forma ambulante ya que no cuenta con un puesto fijo, con lo poco que gana debe cubrir los gastos de alimentación, alquiler y servicios básicos de su familia ya que no cuenta con otros ingresos.
El crédito lo solicita para la compra ropa por cantidad ya que desea aumentar sus ingresos.
El sueño de Maria es tener su casa propia para tener más comodidad y de esta forma mejorar su calidad de vida.
Es la segunda vez que solicita crédito con IMPRO y KIVA.
Previous Loan DetailsSra. Maria sells American clothes that are of first-rate quality for men and women. The loan she is requesting will be used to increase her capital so that she acquire two bundles (sacks full of clothing) that are of good quality and contain a variety of items. Maria lives in a rented house in ... More from Maria'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
- 26 months (Additional Information)
- Repayment Schedule
- May 21, 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.