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Fidel

Update on Fidel

Fidel is married and has 2 grown children who are independent. He lives in his own home, occupying 5 rooms. The home has brick walls plastered with stucco, and the floor is made from wood planks. This house is located in the Tembladerani neighborhood of the city of La Paz.

Fidel currently works as a tailor, making suits for men. He also makes repairs to all types of clothing in a small tailoring workshop that is set up in his own house. This is his only business, and so it is his only source of income. He contributes toward the payment for basic services for his family.

Fidel needs a loan to buy more raw materials, (fabric, thread, linings), so that he can increase his work volume and increase his income.

Fidel's dream is to be able to buy another tailoring shop in the city of El Alto, where he could have employees and thereby help other people to find work, and also improve his quality of life.

This is the 4th time that he has requested a loan with Kiva, and his 7th loan with IMPRO.
View original language description ↓
Fidel es casado y tiene dos hijos que son mayores de edad, independientes, vive en casa propia ocupando cinco habitaciones con paredes de ladrillo y revocado con estuco y el piso es de tablones, la casa se encuentra ubicada en la zona Tembladerani de la ciudad de La Paz.
Actualmente trabaja como sastre, elaborando trajes para caballeros, además realiza las composturas de todo tipo de ropa en un pequeño taller que cuenta de sastrería en la misma casa, es la única actividad que tiene y por lo tanto el único ingreso, el colabora con el pago de servicios básicos de su familia.
El crédito lo requiere para la compra de más materia prima (tela, hilos, forros) y así poder aumentar el volumen de su trabajo y poder mejorar sus ingresos.
El sueño de Fidel es poder adquirir un ambiente de sastrería más en la ciudad de El Alto y poder tener empleados y ayudar en trabajo a otras personas y mejorar su calidad de vida.
Es la cuarta vez que solicita crédito junto a KIVA y la séptima con IMPRO.

Previous Loan Details

Sr. Fidel is a tailor who makes men’s suits. The loan he is requesting will be used to buy materials such as thread, fabric, lining, buttons, and other supplies that are required for his specialty. He lives in his own home in the District of Tembladerani in the city of La Paz. Fidel is married... More from Fidel's previous loan »

Additional Information

About IMPRO

IMPRO 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 Bolivia

  • $5,500
    Average annual income
  • 179
    View loans »
    Bolivia Loans Fundraising
  • $30,755,500
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $600 helped Fidel to buy fabric, thread, and lining material for his tailoring business.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 15, 2012
Listed
Oct 17, 2012
Currency Exchange Loss:
N/A
Ended:
Nov 17, 2013
This photo was used before for a previous loan for Fidel. It was first posted on Kiva on Oct, 2011. Learn More