Update on OliverOliver is single and has no children; he lives in his parents’ house occupying a single bedroom. The house is located in the city of La Paz’s San Pedro zone. He earns income working as an employee in a private firm for more than 8 hours a day; he must help pay his family’s basic utility costs. He needs the loan to buy merchandise because in his free time he sells clothes for both sexes (pants and shirts) from place to place in order to earn additional income. Oliver’s dream is to improve his income so that he can become independent later on and improve his quality of life this way. This is his second loan request to IMPRO and KIVA.
Actualmente percibe ingresos ya que trabaja como empleado en una empresa privada por más de ocho horas al día ya que debe ayudar con el pago de servicios básicos de su familia.
El crédito lo requiere para la compra de mercadería ya que en su tiempo libre vende ropa de ambos sexos (pantalones y poleras) y de forma ambulante para tener más ingresos.
El sueño de Oliver, es mejorar sus ingresos para posteriormente independizarse y de esta forma mejorar su calidad de vida.
Es la segunda vez que solicita el crédito junto a IMPRO y la segunda vez con KIVA.
Previous Loan DetailsOliver works as an office assistant for an accounting firm and he also sells clothes. He needs the loan to increase working capital and buy more clothes like: jackets and sportswear. He lives in his parents’ house which is located in the city of La Paz’s San Pedro zone. He’s divorced and has a… More from Oliver'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