Update on VirginiaVirginia is married and has two young children. She lives with them in three rented rooms. The rooms have brick walls and dirt floors. The house is located in the Pasankeri area of the city of La Paz.
Virginia only went to elementary school. She currently works cleaning private houses on the week-ends. Monday through Friday she works as an educator at a daycare for over eight hours a day. She does this because she needs to cover her family’s expenses for education, food, and basic services.
Her husband used to send her a little money from the work he did at the mine in Los Yungas de La Paz. However, he regrettably had an accident at the mine.
She needs the loan to pay the hospital because her husband is hospitalized because of an accident. He needs various analysis and examinations. The little that Virginia earns is not enough to pay for her husband’s medical expenses.
This is the fourth time that she has worked with IMPRO and the second time with Kiva.
Virginia estudió solo hasta la primaria, actualmente trabaja como empleada de limpieza en casas particulares los fines de semana y de lunes a viernes trabaja como educadora en una guardería por más de ocho horas al día ya que tiene que cubrir los gastos de educación, alimentación y servicios básicos de su familia ya que su esposo le envía poco dinero del trabajo que realiza en la mina en los yungas de La Paz, pero lamentablemente tuvo un accidente en la mina.
El crédito lo necesita para pagar el hospital ya que su esposo se encuentra internado por un accidente y necesita varios análisis y exámenes y con lo poco que gana Virginia no le alcanza para pagar los gastos médicos de su esposo.
Es la cuarta vez que trabaja junto a IMPRO y la segunda vez junto a KIVA.
Previous Loan DetailsVirginia works as a "parvularia" [nursery school teacher] (a profession where they learn to care for children) in a private nursery school and she also relies on money her husband sends her since he works as a miner in the Los Yungas de la Paz zone. She needs the loan to buy school supplies… More from Virginia'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
- 20 months (Additional Information)
- Repayment Schedule
- Jun 12, 2012
- Jun 23, 2012
- Currency Exchange Loss:
- Jan 18, 2014
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.