Update on SofiaSofía’s married and has three school age children. She lives in her mother’s three-room house; it has a bedroom, kitchen and bath. The walls are adobe and the floor is dirt. The house is located in the 16 de Julio zone where she also has her stand on the sidewalk on a street in El Alto.
She’s still selling teddy bears. Her stand is on the sidewalk, a place that’s full of dirt and dust. She works Thursdays and Sundays. Her husband is a salaried transportation provider and currently works in downtown La Paz. They both contribute to paying utility, food and clothing costs.
She needs the loan to buy more teddy bears because she wants to increase and stock up on merchandise to improve her income since this is a product that sells well.
Sofía’s dream is to be able to have a store to display her merchandise in to earn higher income and improve her quality of life. This is her second Kiva loan request.
Actualmente sigue trabajando vendiendo ositos de peluche; su puesto se encuentra sobre la acera en la calle, siendo el lugar lleno de tierra y polvo, ella trabaja los días jueves y domingo de la semana. El esposo es transportista asalariado y trabaja actualmente en el interior de la ciudad La Paz y ambos colaboran en el pago de los servicios, comida y vestimenta.
El crédito lo requiere para comprar más ositos de peluche, ya que desea aumentar y surtir su mercadería y así mejorar sus ingresos, puesto que este producto es bien vendido.
El sueño de Sofia es poder obtener una tienda en donde pueda exponer su mercadería y así tener mejores ingresos y mejorar su calidad de vida.
Es la segunda vez que solicita crédito via KIVA.
Previous Loan DetailsSofía sells stuffed animals at the main fair in the city of El Alto. The loan that she needs is to buy more merchandise in order to put out more variety. She wants to offer her customers different colors, sizes, and shapes of stuffed animals for the Christmas season. Sofía has three… More from Sofia'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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- Repayment Term
- 17 months (Additional Information)
- Repayment Schedule
- Oct 30, 2012
- Nov 13, 2012
- Currency Exchange Loss:
- Dec 13, 2012
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.