Update on SoniaSra. Sonia lives at the home of her parents. She has a 10-year-old son and works at a textile factory as an operator. Sonia receives a monthly salary. She previously sold “salchipapas” (sausages and potatoes), but she is no longer in that line of work.
The loan she is requesting will be used to buy a computer. The one that she currently shares with her son, who used it for his homework, burned out and cannot be repaired. Sonia has been an established client since 2011. Her payment history is good and her social character qualifies her to receive a new loan. In the future, she dreams of having a sewing workshop and spending her free time making quilts.
El crédito que solicita es para la compra de una computadora, pues la que estaba usando ella junto con su hijo, quien la usa para sus tareas del colegio, se quemó y no es posible arreglarla.
Sonia es cliente antigua desde el año 2011 y su comportamiento de pago es bueno y por el carácter social califica para un nuevo crédito; sus sueños futuros son tener una tienda de costura ya que en sus momentos libres confecciona edredones.
Previous Loan DetailsSonia works as a packer at a supermarket in the city of La Paz and also works selling “salchipapas” [traditional fast food consisting of fried potatoes with fried sausages and condiments] and hamburgers in the evening. The loan she needs is to buy ingredients like potatoes, sausages and… More from Sonia'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
- Repayment Term
- 20 months (Additional Information)
- Repayment Schedule
- Oct 8, 2012
- Oct 15, 2012
- Currency Exchange Loss:
- May 24, 2014
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.