Update on BraulioBraulio works in transportation and also as an accountant. His level of education is higher technical. He has four children and lives in his own two-bedroom house with brick walls and cement floors located in the central district of the city of La Paz.
Braulio works more than 8 hours daily to cover water, electricity and food costs. He needs the loan to buy stucco, sandpaper and paint to do the finishing touches in a bedroom to improve his quality of life. He will buy stucco, paint, a window and a door. With a previous loan he was able to finish the final touches on the house.
Braulio’s dream is to finish the fine touches on his house. This is his 5th Impro loan and 5th with Kiva.
Braulio, trabaja más de 8 horas al día, para cubrir los gastos de agua, luz, alimentación.
El crédito lo requiere para comprar estuco, lija y pintura para el acabado fino de una habitación para mejorar su calidad de vida, comprara estuco, pintura, puerta y ventana.Con un préstamo anterior pudo terminar la obra fina de la facha de la casa.
El sueño de Braulio es terminar la obra fina de su casa.
Es la quinta vez que saca crédito con IMPRO y la quinta vez con Kiva.
Previous Loan DetailsBraulio is an accountant. He also gets income from his taxi. He needs the loan to repair a room in his house. He needs to finish the work and paint the room. Baulio is married and has four children. He lives in his own house in the central zone of the city of La Paz. This is the fourt... More from Braulio'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.
About Housing Loans
Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.
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