Update on PamelaPamela is single and lives in her mother's house which has 3 areas: a bedroom, a kitchen and a bathroom. The house is made of adobe with dirt floors, and it is located in the "16 de julio" neighborhood of the city of El Alto. This city has markets every Thursday and Sunday.
Pamela currently works selling Teddy bears of different sizes that she buys in sealed bales and later selects to put for sale. Her sales post is located in the "16 de julio" neighborhood of El Alto. This is a place that is currently full of dirt and is under repair.
Pamela works every Thursday and Sunday, and this is how she supports herself to pay for utilities, food and clothing.
Pamela needs a loan to buy more merchandise (Teddy bears). She wants to stock up with more stuffed bears so that she can increase her income, and because this is a product that is well-accepted in the marketplace.
Pamela's dream is to be able to have her own store, so that she could have more income and a better quality of life.
This is the second time that she has requested a loan jointly with IMPRO and Kiva.
Actualmente trabaja vendiendo ositos de peluche de distintos tamaños que los compra en fardos cerrados para luego seleccionarlos; su puesto de venta se encuentra en zona 16 de julio de la ciudad de El Alto, siendo el lugar lleno de tierra y actualmente están en refacciones, ella trabaja todos los días jueves y domingo. Y se autosostiene en el pago de los servicios, comida y vestimenta.
El crédito lo requiere para aumentar comprar más mercadería (ositos de peluche), ya que desea surtir con más cantidad de peluches y así mejorar sus ingresos, pues este producto tiene muy buena aceptación.
El sueño de Pamela es poder tener tienda propia y así tener mejores ingresos y mejorar su calidad de vida.
Es la segunda vez que solicita crédito junto a IMPRO Y KIVA.
Previous Loan DetailsPamela sells stuffed toys at the "16 de Julio" street market in the city of El Alto. She needs the loan to increase capital and have a wider variety available to offer her customers taking advantage of end of year festivities. Pamela is single and has three children. She lives in her parents... More from Pamela'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
- 17 months (Additional Information)
- Repayment Schedule
- Oct 30, 2012
- Nov 13, 2012
- Currency Exchange Loss:
- Apr 16, 2014
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.