Update on MariaMaria is married and has 4 children, 3 of whom are school-aged. They live in the family home, located in the "16 de Julio" neighborhood of El Alto.
Maria only got a high school education, and currently works selling glassware for the home (glasses, jars, etc). She has a sales post in the "16 de Julio" neighborhood of El Alto, and also in the La Tablada neighborhood of the city of La Paz. Her children help her with her sales.
Maria needs a loan to buy more glasses, jars, and glass vases so that she can increase her merchandise, because the year-end holidays are approaching when she will get more customer traffic.
Maria's dream is to become a wholesale glassware merchant (distributor to the retailers). This way, she could improve her family's quality of life.
This is the 7th time that she has requested a loan with IMPRO, and it's the 4th time the loan has been financed through Kiva.
María estudió solo hasta el nivel secundario y actualmente se dedica a la venta de cristalería para el hogar (vasos, jarras,etc.), tiene su puesto de venta en la zona 16 de julio de la ciudad del Alto y también en la zona de La tablada de la ciudad de La Paz; le ayudan sus hijos en las ventas.
El crédito lo requiere para comprar más vasos, jarras y jarrones de vidrio y así aumentar mercadería ya que se aproximan las fiestas de fin de año, ya que presenta más afluencia de clientes.
El sueño que tiene María es convertirse en una comerciante mayorista (distribuidora a las vendedoras al por menor) en la venta de cristalería. Así podrá mejorar la calidad de vida de su familia.
Es la septima vez que solicita crédito junto a IMPRO y la cuarta vez con KIVA.
Previous Loan DetailsMaría has a stand where she sells crystal items like glasses, jars and jugs. She needs the loan to increase capital and to buy more merchandise to take advantage of Christmas sales. María is married and has four children. She lives in her in-laws’ house which is located in the city of El Alto’s… More from Maria'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 31, 2012
- Nov 13, 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.