Update on PaulaPaula’s married and has three children who are all independent. Paula only attended elementary school. She lives as a caretaker in a relative’s house occupying a single room with adobe walls and a dirt floor located in the city of El Alto’s Villa Ingenio zone. Paula sells gloves she knits herself in various street markets in different parts of the city of El Alto and with the little she earns is able to cover her food and basic utility costs. She needs the loan to buy more yarn and increase her capital to have a wider variety of gloves to offer her buyers. Paula’s dream is to improve her income and above all to improve her family’s quality of life. This is 7th IMPRO loan request and 4th with KIVA.
Paula, se dedica ahora a la comercialización de guantes, ella misma los teje, y los vende en las ferias de varias zonas de la Ciudad de El Alto, y con lo poco que gana cubre los gastos de alimentación y pago de servicios básicos.
El crédito que requiere es para comprar más lana y aumentar su aumentar su capital y tener más variedades de guantes para ofrecer a sus compradores.
El sueño de Paula es mejorar sus ingresos y sobre todo mejorar la calidad de vida de su familia.
Es la séptima vez que el cliente solicita crédito con IMPRO y con KIVA es la cuarta vez.
Previous Loan DetailsSeñora Paula weaves blankets and gloves from wool and yarn, with the assistance of her daughter. The loan she is requesting is for increasing her capital to purchase wool in different textures and colors, and to continue with her small business. She lives in her daughter's home, which is… More from Paula'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
- 22 months (Additional Information)
- Repayment Schedule
- Nov 13, 2012
- Nov 29, 2012
- Currency Exchange Loss:
- Aug 17, 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.