Update on AlanAlan is single, and he does not have children. He lives with his parents in an “anticretico” [a special rental arrangement where rent is considered a loan to the property owner and is returned in full when the rental period is over]. The house is located in the Villa Fátima area of the city of La Paz.
He studied law, and he currently earns income as an attorney. He works for a private company for over eight hours a day. He needs to help pay his family’s food and basic services expenses, and that is why he is requesting the loan.
He wrote a book related to his profession, but he does not have enough money to print the book.
Alan’s dream is to improve his income and be able to definitely become independent. He set up his own law practice, and he is in the phase of getting more clients in order to generate more income. This way he will improve his quality of life.
This is the third time he has requested a loan from IMPRO and Kiva.
El estudió Derecho y actualmente percibe ingresos ya que es abogado y trabaja por más de ocho horas en una empresa privada ya que debe ayudar a pagar los gastos de alimentación y servicios básicos de su familia es por eso que solicita el crédito, por que escribió un libro relacionado con su profesión y no le alcanza el dinero para las impresiones del libro.
El sueño de Alan, es mejorar sus ingresos y poder independizarse definitivamente pues ya puso su propio buffet de abogado y está en la fase de conseguir más clientes para generar más ingresos y de esta forma mejorar su calidad de vida.
Es la tercera vez que solicita el crédito junto a IMPRO y KIVA.
Previous Loan DetailsSr. Alan works as an attorney at a law firm. The loan he is requesting will be used to acquire a location where he can set up his office and become professionally independent. He lives at the home of his parents in the District of Villa Fatima in the city of La Paz. Alan is single and has no… More from Alan'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
- 14 months (Additional Information)
- Repayment Schedule
- Jun 13, 2012
- Jun 24, 2012
- Currency Exchange Loss:
- Jul 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.