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Patricio

Update on Patricio

Patricio is married and has three children. They live in their own house with two small rooms that have brick walls and dirt floors. The house is located in the Villa Ingenio area of the city of El Alto.

He currently works as a driver. He works over ten hours a day until the late hours of the night. He does this because it is the only source of work that he has to cover the family’s expenses for food, education, and basic services.

He needs the loan to repair the front of his house. The walls are adobe, and he wishes to improve his family’s quality of life.

Patricio’s dream is to build more rooms. He has three children, and he wants to make them more comfortable and safer.

This is the first time he has requested a loan from IMPRO and Kiva.
View original language description ↓
Patricio, es casado y tiene tres hijos, viven en casa propia con dos habitaciones pequeñas con paredes de ladrillo y el piso de tierra, la misma ubicada en la zona Villa Ingenio de la ciudad de El Alto.
Actualmente trabaja como chofer por más de diez horas al día y hasta altas horas de la noche ya que es la única fuente de trabajo que tiene para alimentar, educar y pagar los servicios básicos de su familia.
El crédito lo requiere para la refacción de la fachada de su casa ya que las paredes son de adobe y el desea mejorar la calidad de vida de su familia.
El sueño de Patricio, es construir más habitaciones ya que tiene tres hijos quiere darles más comodidad y seguridad.
Es la primera vez que solicita un crédito junto a IMPRO y KIVA.

Previous Loan Details

Sr. Patricio is a taxi driver and owns two vehicles. He drives one taxi while the other one is driven by a hired assistant. The loan he is requesting will be used for the maintenance of both vehicles and the purchase of a battery for his assistant’s taxi. Patricio lives in his own home in the ... More from Patricio's previous loan »

Additional Information

About IMPRO

IMPRO 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.

About Bolivia

  • $2,817
    Average annual income
  • 92
    View loans »
    Bolivia Loans Fundraising
  • $28,719,925
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $700 helped Patricio to repair the front of his house.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 25, 2012
Listed
Jun 8, 2012
Currency Exchange Loss:
N/A
Ended:
Mar 15, 2013
This photo was used before for a previous loan for Patricio. It was first posted on Kiva on Sep, 2011. Learn More