Update on RicardoRicardo is single, and he has three children. His living arrangement is an "anticrético" (lump-sum loan provided in exchange for housing tenure, where the loan must be paid back to the lender/occupant at the end of a specified period), and he occupies two rooms. The house is in the San Martín area of the city of La Paz.
He works as an independent taxi driver for over eight hours a day. That is how he gets income to support his family and cover the expenses for education, food, and basic services.
The loan that he needs is for maintenance on the motor in his vehicle. It needs repair because it is old (he bought a previously used motor). This way he will give his passengers good service. It is his only source of income.
Ricardo’s dream is to stop living in anticrético and to have his own house. He wants to do this to improve his quality of life and that of his children. This way they would be able to live comfortably in separate rooms.
Ricardo has had 16 loans with IMPRO, and this his the sixth loan with Kiva.
Trabaja como chofer de taxi independientemente, por más de 8 horas diarias de los cuales el percibe sus ingresos para mantener a su familia cubriendo los gastos de educación, alimentación y pago de servicios básicos.
El crédito lo requiere para mantenimiento del motor de su vehículo que ya necesita reparación por su antigüedad (es un motor que lo compró usado anteriormente), y así prestar un buen servicio a sus pasajeros ya que es la única fuente de ingresos.
El sueño de Ricardo es dejar de vivir en anticrético y tener una casa propia para mejorar su calidad de vida tanto de él como de sus hijos y así poder vivir cómodamente en habitaciones separadas.
Ricardo tiene dieciséis créditos con IMPRO y con KIVA es la sexta vez.
Previous Loan DetailsRicardo is a taxi driver, and he has his own car. He needs the loan to buy a motor for his vehicle in order to continue working and maintaining his level of income. He is married and has three children. He lives in “anticretico” (Anticretico is a transaction not available in the U.S. whereby a… More from Ricardo'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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