Update on MarciaMarcia works as a building superintendent and lives in her place of work; it has fine finish and a cement floor. Her work is located in the city of La Paz’s Villa Copacabana zone. Marcia, aside from being a building superintendent, works weekends selling food to cover her food, electricity and water costs. She needs the loan to buy an industrial oven and thus have the tool to work better and improve her quality of life. Marcia’s dream is to have a house of her own and to offer her children a better quality of life. This is the third time with IMPRO and third with KIVA.
Marcia, además de ser portera, los fines de semana se dedica a la venta de comida, para cubrir sus gastos de alimentación, luz, agua; el crédito lo requiere para la compra de un horno industrial y así tener la herramienta para trabajar mejor y mejorar su calidad de vida.
El sueño de Marcia es tener su casa propia y ofrecer una mejor calidad de vida a sus hijos
Es la tercera vez con IMPRO y la tercera con Kiva.
Previous Loan DetailsSra. Marcia is employed at a telecommunications company where she works as a messenger and as the building superintendent. This job helps to cover her expenses. The loan she is requesting will be used to pay for her university studies. Her tuition and monthly fees are due. Marcia lives on the… More from Marcia'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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