Update on ElizabethElizabeth lives in her older sister’s house. She is single and does not have children. She works as a secretary for one of the newspapers of La Paz. She supports herself.
The loan is to buy a laptop. This is because she is studying accounting, and she needs it for her work. Also, she will be able to get a better position with her institution.
This is the fifth time she is requesting a loan from IMPRO. Her history qualifies her as a good client regarding her payments. She was part of Kiva on two occasions, and this will be her third time with Kiva.
Her dream is to be able to have her own accounting office.
El crédito será destinado para la compra de una laptop debido a que ella esta estudiando Contabilidad y necesita para sus trabajos y además poder acceder a un cargo mejor en su institución
Es la quinta 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 dos oportunidades; esta será la tercera vez con Kiva.
Su sueño es poder tener su propia oficina contable.
Previous Loan DetailsElizabeth is a secretary at a newspaper in the city of La Paz. She needs the loan to pay for advanced secretarial coursework. That is how she will try to advance in her work. She lives in a family member’s house, which is located in the Miraflores area of the city of La Paz. She is single, ... More from Elizabeth'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 27, 2012
- Nov 19, 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.