Update on MariaMaría is married and has one school age child. She lives in her parents’ house, occupying two small rooms. The house is located in the city of La Paz’s Las Lomas zone.
She currently works as a teacher for over eight hours a day because she needs to cover her family’s expenses for food, education, and basic services.
The loan that she needs is to repair the leak in her house. A lot of water gets in, especially when it rains, and the walls are getting soaked.
María’s dream is to improve her income and to get a house in ‘anticrédico’ [transaction whereby a property owner requests a "loan" from you in exchange for housing, which must be paid back to you at the end of your contract. If your loan is not repaid, the property owner could lose the property to you]. She wants to do this in order to make her family more comfortable and to improve their quality of life.
This is the tenth loan she has requested from IMPRO and the second with Kiva.
Actualmente trabaja como profesora por más de ocho horas al día ya que debe cubrir los gastos de alimentación, educación y pago de servicios básicos de su familia.
El crédito lo requiere para la refacción del bota agua de su vivienda ya que entra mucho agua más que todo en tiempo de lluvias y las paredes se están remojando.
El sueño de María, es mejorar sus ingresos y adquirir una casa en anticrético para dar más comodidad a su familia y mejorar su calidad de vida.
Es la décima vez que solicita crédito junto a IMPRO y la segunda vez con KIVA.
Previous Loan DetailsMaría works as a teacher and she’s also a craftswoman. She needs the loan to buy building materials and supplies (stucco, paint, electrical sockets, etc.) because she will finish building her house in stages. She lives in her own house located in the city of La Paz’s Las Lomas zone. She’s… More from Maria'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 30, 2012
- Sep 17, 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.