Update on MarthaMartha’s married and has two children who are attending secondary school. They all live in her two-bedroom house located in the city of La Paz’s Irpavi zone.
She only completed secondary school and currently earns income from her grocery store. She works more than 12 hours daily because she must cover education, food and basic utility costs for her family which is why she’s requesting the loan; she needs to increase capital purchasing more products to sell and improve her income.
Martha’s dream is to add more rooms to increase family comfort and also to enlarge the business to improve income and quality of life. This is the 8th time she’s worked with IMPRO and second time with KIVA.
Ella estudio solo hasta la secundaria y actualmente percibe ingresos de su tienda de abarrotes, trabaja por más de doce horas al día ya que con eso debe cubrir los gastos de educación, alimentación y servicios básicos de su familia, es por eso que solicita el crédito, ella desea aumentar su capital comprando más productos para ponerlos a la venta y mejorar sus ingresos.
El sueño de Martha es construir más habitaciones y dar más comodidad a su familia , también ampliar su negocio para mejorar sus ingresos y su calidad de vida..
Es la octava vez que trabaja junto a IMPRO y la segunda vez junto a KIVA.
Previous Loan DetailsMartha has a store where she sells groceries, soft-drinks, canned goods and other products for neighborhood stores. She needs the loan to buy more merchandise like rice, sugar, flour, spirit beverages like Singani Casa Real and Singani San Pedro (Singani is a beverage made from grapes) and cha... More from Martha'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
- 8 months (Additional Information)
- Repayment Schedule
- Jul 5, 2012
- Jul 17, 2012
- Currency Exchange Loss:
- Feb 15, 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.