Update on MiriamMiriam is married and has 2 children who attend school. They live in a rented home, occupying one room. Their house is located in the Pasankeri neighborhood of the city of La Paz.
Miriam currently works selling candied peanuts. She sells from place to place, working more than 10 hours a day. With her earnings, she must cover the food and educational expenses of her family.
She needs a loan to buy peanuts and sugar in bulk, because she wants to increase her income so that in the future she can acquire a house through an anticrético (an arrangement where the renter pays a lump sum "loan" to the landlord in lieu of rent, where the loan is secured by the property being rented). This way, she could save on rent payments.
Miriam's dream is to have her own house, so that she could provide greater comfort to her family and improve their quality of life.
This is the 10th loan that she has requested from IMPRO, and the third time that she has worked with Kiva.
Actualmente se dedica a la venta de maní confitado ya que trabaja por más de diez horas vendiendo de forma ambulante y con lo que gana debe cubrir los gastos de educación y alimentación de su familia.
El crédito lo requiere para la compra de maní y azúcar por cantidad ya que desea mejorar sus ingresos para posteriormente adquirir una casa en anticrético ya que ahorrara en el pago de alquileres.
El sueño de Miriam es tener su casa propia para dar más comodidad a su familia y mejorar su calidad de vida.
Es la décimo cuarta vez que solicita crédito junto a IMPRO y la tercera vez junto a KIVA.
Previous Loan DetailsMiriam has a stand selling candied peanuts; it’s her source of income for family support. This product is very well-received by common folk because eating candied peanuts is a very ancient tradition. She needs the loan to buy ingredients (peanuts and sugar). Miriam is married and has two… More from Miriam'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