Update on MarisolMarisol lives in a rental property with her mother and her four daughters. The house has three spaces, including a kitchen and a bathroom. It also has fine finishes and wooden floors. The house is located in the District of Alto San Pedro in the city of La Paz.
Marisol has a degree in Tourism and works for a private institution. She receives a salary that enables her to pay for expenses such as food, basic services, and the rent on her home. Marisol is requesting a loan so that she can pay for dental treatment. She has several teeth that are in danger of being extracted if they are not treated.
This is the fourth time she has worked with IMPRO and the third time with Kiva.
Marisol se encuentra trabajando en una Institución Privada, de la cual ella percibe un salario con el cual cubre los gastos de alimentación, servicios básicos, pago de alquiler de la vivienda.
El crédito que solicita es para el tratamiento bucal, pues tiene varios dientes en peligro de ser extraidos si no se los cura.
Es la cuarta vez con IMRO y la tercera con KIVA.
Previous Loan DetailsMarisol works at a real estate firm selling burial plots. She needs the loan to pay for treatment for a daughter who is ill. Marisol is divorced and has four children. She lives in the “anticrético” modality [a transaction whereby a property owner requests a "loan" from you in exchange for… More from Marisol'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
- Nov 20, 2012
- Nov 30, 2012
- Currency Exchange Loss:
- Dec 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.