Update on MargaritaMargarita’s married and has three children two of which are already independent; only one still lives with her and is school age. They live in her own three-room house located in the city of La Paz’s Tacagua zone.
She earns income at present working as a street fruit vendor for more than 8 hours daily; she does not have a permanent sales stand. She also gets income from her husband who works in construction. They both contribute towards food, school and basic utility costs for the family.
She requests the loan to build two rooms at home because she wants to have more comfort and improve her quality of life. She used previous loan granted through Kiva to improve her living condition and now she can improve it still more. Margarita’s dream is to increase working capital and improve income. This is her 17th loan request to IMPRO and second to KIVA.
Actualmente percibe ingresos ya que se dedica a la venta de fruta trabajando por más de ocho horas al día en la calle ya que no cuenta con un puesto de venta fijo, también percibe ingresos ya que su esposo trabaja como albañil y los dos aportan para la alimentación, educación y pago de servicios básicos de su familia.
El crédito lo solicita para la construcción de dos habitaciones más en su vivienda ya que desean tener más comodidad y mejorar su calidad de vida. Con un préstamo anterior concedido también a través de Kiva, pudo mejorar sus condiciones de vida y ahora puede incluso mejorarla más.
El sueño de Margarita es aumentar su capital de operaciones y mejorar sus ingresos.
Es la décimo séptima vez que solicita crédito junto a IMPRO y la segunda vez junto a KIVA.
Previous Loan DetailsSra. Margarita sells a variety of fruits while her husband works as a bricklayer. The loan she is requesting will be used to build a new room in her house, which will provide greater comfort for her family. Margarita is married and has four children. She lives in her own home in the District o... More from Margarita'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.
About Housing Loans
Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.
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