Update on CarlosCarlos is a legal consultant; he has a Bachelor’s degree. He lives in his own house with fine finishing and hardwood floors located in the city of La Paz’s Tembladerani zone. He’s an attorney and generates income to cover his food, electricity, water and telephone costs. He needs the loan to finish refurbishing his house because with the previous loan he was able to start the refurbishing and now he wants to finish it thus improving his and his son’s quality of life. Carlos’ dream is to finish the refurbishing and will buy stucco, paint and cement. This is the third time with IMPRO and second with KIVA.
El señor Carlos es abogado del cual genera sus ingresos para cubrir sus gastos de alimentación, luz agua teléfono; el credito lo requiere para terminar la refaccion de su vivienda, pues con un préstamo anterior comenzó la refacción y ahora desea terminar y asi mejorar su calidad de vida y de su hijo.
El sueño de Carlos es terminar de refaccionar su vivienda comprara estuco, pintura, cemento.
Es la tercera vez con IMPRO y la segunda con Kiva.
Previous Loan DetailsCarlos is an attorney who works independently preparing documents such as testimonies, family support orders, and other legal instruments. The money from this loan will be used to repair a room in his home so that he can have better living conditions. Carlos lives in his own house in the Distri... More from Carlos'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.
About Housing Loans
Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.
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Success!! The loan was 100% repaid