Update on AlbertoAlberto separated from his wife more than a year ago. He has two children, one of whom one is already independent and the younger one school-age.
They live in his parents' home, occupying two rooms. The house is located in the Tacagua area of the city of La Paz.
Currently he earns income from his pension, and now works at a cleaning company, as he is the only one covering his family's expenses for education, food and payment of basic services.
He needs the loan in order to cover the costs of registering the title of the house where he lives, to transfer it into his name, as his parents left it to him as an inheritance.
Alberto's dream is to have his house built to shelter his children.
It is the second time he has applied for a loan with IMPRO and Kiva.
In the previous loan channeled through Kiva, it was indicated that he lived in his own home, but actually it is his parents' home, which will now belong to him, after the registration of documents.
Actualmente percibe ingresos de su renta de jubilación y ahora trabaja en una empresa de limpieza ya que es el único que cubre los gastos de educación, alimentación y pago de servicios básicos de su familia.
El crédito lo requiere para cubrir los costos de la legalización de documentos de su casa ya que sus padres le dejaron como herencia.
El sueño de Alberto, es hacer construir su casa para acoger a sus hijos.
Es la segunda vez que solicita crédito junto a IMPRO y KIVA.
En el préstamo anterior canalizado a través de Kiva, se indicó que vivia en casa propia, pero en realidad es de sus padres, la misma que ahora será propia despues de la legalización de documentos.
Previous Loan DetailsAlberto is employed to do cleaning jobs at an office in the city of La Paz. He needs the loan to buy construction material in order to repair the sewer at his house. He lives in his own house in the Tacagua zone in the city of La Paz. He is divorced, and he has two children. This is his… More from Alberto'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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Success!! The loan was 100% repaid
- Repayment Term
- 15 months (Additional Information)
- Repayment Schedule
- Aug 28, 2012
- Sep 10, 2012
- Currency Exchange Loss:
- Oct 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.