Update on JavierJavier is married and has two children who are now independent. They live in his parents’ house occupying two rooms. The house is located in the city of La Paz’s San Pedro zone.
He works as an auto mechanic doing all kinds of jobs for more than ten hours daily. He also continues with his business recycling plastic bags that he buys in hospitals and markets to process and resell to factories. Javier is the only one who covers family food and basic utility costs.
He needs the loan to buy more bags at wholesale to then recycle and sell. Javier’s dream is to improve his income and to live in a house under the ‘anticrético modality [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] to be more comfortable. This is his fourth loan request to Impro and second to Kiva.
El trabaja como técnico mecánico de automotores realizando todo tipo de trabajos por más de diez horas al día. También sigue con su negocio de reciclado de bolsas de plástico que compra de hospitales y mercados y luego de procesarlas las vende a las fábricas. Javier es el único que cubre los gastos de alimentación y pago de servicios básicos de su familia.
El crédito lo requiere para la compra de más bolsas al por mayor para después reciclarlas y venderlas.
El sueño de Javier, es mejorar sus ingresos y vivir en una casa en anticrético para tener más comodidad
Es la cuarta vez que solicita crédito junto a IMPRO y la segunda vez con KIVA.
Previous Loan DetailsJavier works independently at his plastic bag business. He buys the bags from hospitals and markets, processes them, and then eventually sells them to factories. The loan he is requesting will be used to buy more bags for processing so that he can maintain his business and increase his income to… More from Javier'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