Update on LeonardoLeonardo is married and has three children. He lives at his parents’ house where he and his family occupy one room that consists of brick walls and a dirt floor. The house is located in the District of Tacagua in the city of La Paz.
Leonardo currently manufactures jackets for different organizations. With the little that he earns, he is able to pay for expenses such as education, food, and basic services for his family. The loan he is requesting will be used to buy fabric, lining, and zippers so that he can continue his work of producing jackets. Leonardo wants to increase his income so that he can improve his quality of life.
His dream is to acquire a house through an “anticrético” contract so that he can provide his family with greater security and comfort. This is the second time he has requested a loan from IMPRO and Kiva.
El actualmente se dedica a la elaboración de chamarras para diferentes entidades y con lo poco que gana debe cubrir los gastos de educación, alimentación y pago de servicios básicos de su familia.
El crédito lo requiere para la compra de tela, forros, cierres, para continuar con su trabajo de confección de chamarras, pues desea aumentar sus ingresos para mejorar su calidad de vida.
El sueño de Leonardo es adquirir una casa en anticrético ya que desea dar más seguridad y comodidad a su familia.
Es la segunda vez que solicita crédito junto a IMPRO y KIVA.
Previous Loan DetailsLeonardo works for a public entity but is also a craftsman: he makes jackets with help from his wife. He needs the loan to buy raw materials like fabrics in various textures, zippers, lining, etc. Leonardo lives in his own house located in the city of La Paz’s Tacagua zone. He’s married… More from Leonardo'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