Update on JeanetteJeannette is single and has two school-aged children. They live in two rented rooms in the San Martín area of the city of La Paz.
Currently, she has income from her two vehicles, from which she earns a daily rent. She is the only one who covers her family's expenses for rent, education, food and payment of basic services.
She needs the loan for maintaining one of her vehicles, as she wishes to replace the engine, and this way improve her income for supporting her family.
Jeannette's dream is to acquire a house through an "anticrético" (the occupant makes a lump-sum payment to the owner up front, as a loan in return for housing. The owner must repay it after a specified period, usually two years). This is in order to save on rent, and also to provide her children with more comfort and improve their quality of life.
This is the sixth time she is applying for a loan with IMPRO, and the fourth time with Kiva.
Actualmente tiene ingresos de sus dos vehículos de los cuales percibe una renta diaria ya que es la única que cubre los gastos de alquileres, educación, alimentación y pago de servicios básicos de su familia. Anteriormente ella tenía una sola movilidad pero ahora tiene dos y son utilizadas para el trasnporte de pasajeros.
El crédito lo requiere para el mantenimiento de uno de sus vehículos ya que desea cambiar el motor y de esta forma mejorar sus ingresos para el mantenimiento de su familia.
El sueño de Jeannette es adquirir una casa en anticrético para el ahorro de alquileres y también dar más comodidad a sus hijos y mejorar su calidad de vida.
Es la sexta vez que solicita crédito junto a IMPRO y la cuarta vez con KIVA.
Previous Loan DetailsJeannette sells clothes. She needs the loan to buy spare parts for her vehicle which is her the means by which she transports her merchandise. She’s married and has two children and lives as a renter in the city of La Paz’s San Martín zone. This is the third time she’s worked with IMPRO and ... More from Jeanette'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