Update on NancySra. Nancy lives alone in her own house. Her children are grown and independent. She has a vending stall in the District of Gran Poder in the city of La Paz. Nancy sells children’s shoes and her business enables her to support herself and pay for all of her necessities. This loan will be used as investment capital for buying shoes.
This is the 12th time she has requested a loan from IMPRO. Her credit history qualifies her as a good client since she has a done well with her payments. She has had three opportunities to participate with Kiva.
Her dream is to have an established vending post and was able to achieve it. Now she wants to expand her sales to various departments.
El crédito será destinado para capital de inversión (compra de calzados).
Es la décima segunda vez que solicita un crédito en Impro. Su historial la califica como cliente buena en el pago se sus cuotas. Fue parte de Kiva en tres oportunidades.
Su sueño fue tener un puesto fijo y lo logró, ahora quiere expandir sus ventas a diferentes departamentos.
Previous Loan DetailsSra. Nancy is a merchant who sells children’s shoes. The loan she is requesting will be used to buy more shoes so that she can replenish her stock and take advantage of the year-end festivities. Nancy is a widow and has three children. She lives in her own home in the District of Villa Nueva P... More from Nancy'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
- 14 months (Additional Information)
- Repayment Schedule
- Oct 25, 2012
- Nov 8, 2012
- Currency Exchange Loss:
- Nov 17, 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.