Update on BlancaBlanca is a marketing executive; she completed secondary school. She has two children and is a renter. She occupies three bedrooms with finished walls and hardwood floors in the city of La Paz’s Miraflores zone.
She used to sell home appliances but she’s now changed her line of work and has more stable employment. Blanca works more than 8 hours daily for a private firm in order to cover water, electricity and rent costs because all family expenses are her responsibility.
She needs the loan to pay for post-surgery treatment due to an operation she had for ovarian cysts. Blanca’s dream is to live in a house of her own because she currently is a renter and also to improve her and her children’s quality of life more. This is her second Impro loan request and second with Kiva too.
Anteriormente se dedicaba a la venta de electrodomésticos, pero ahora ha cambiado de rubro y ha conseguido un trabajo más estable.
Blanca, trabaja en una empresa privada más de ocho horas al día, para cubrir los gastos de agua, luz, el pago de alquiler ya que es la única que cubre todos los gastos de su familia.
El crédito lo requiere para el pago de un tratamiento post Operativo a causa de una operación por tener quiste en los ovarios.
El sueño de Blanca es vivir en casa propia ya que actualmente vive en alquiler, también mejorar más la calidad de vida de sus hijos y de ella.
Es la segunda vez con IMPRO y la segunda con Kiva.
Previous Loan DetailsBlanca sells household appliances from the Blanca line (refrigerators, stoves, microwave ovens, etc.). She also sells electronic equipment. She needs the loan to buy a CD player, a sound system, and an electric washer. The Christmas season is approaching, and sales for these items rise. This… More from Blanca'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
- 6 months (Additional Information)
- Repayment Schedule
- Sep 28, 2012
- Oct 17, 2012
- Currency Exchange Loss:
- Feb 15, 2013
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.