Update on GenaroSr. Genaro lives at home with his parents and works as a radio announcer. He has a higher education degree. His house is located in the District of Tembladerani in the city of La Paz.
Genaro only receives a salary, but there have been many instances in which he has had to work more than eight hours. The loan he is requesting will be used to pay for a diploma that is related to his work activities. This will help him improve his income.
Genaro’s dream is to specialize in the field of communications. In the future, he hopes to generate more income so that he can improve his quality of life. This is the fifth time he has worked with loan from IMPRO, and the third time with Kiva. He is very satisfied with this loan.
Genaro, percibe solo un sueldo donde trabaja muchas veces por más de ocho horas, el crédito que solicita es para pagar un diplomado que se relaciona con su actividad y además le ayudará a mejorar sus ingresos.
El sueño de Genaro es especializarse en campo del área de comunicador, y en el futuro generar más ingresos para mejorar la calidad de vida.
Es la quinta vez con IMPRO y la tercera con KIVA, que tiene los créditos, y está muy satisfecho con el crédito.
Previous Loan DetailsGenaro is a chauffeur, but he also works on a sports program at a radio station. These activities help him to cover his expenses. The loan he is requesting will be used to pay for his university studies. He is working on a degree in Social Communications. Genaro lives at home with his parents… More from Genaro'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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