Update on AngelÁngel’s married and has three children who are all independent now. He lives with his wife who is in poor health and does not work. They live in a two-bedroom rented house located in the city of La Paz’s Cota Cota zone. He works as a consultant for a public firm for more than 8 hours daily and needs the loan to pay for a postgraduate degree in Public Administration because he has the opportunity of a promotion that would mean higher income. Ángel is the only one covering food, rental and basic utility costs. His dream is to get an ‘anticrético’ [transaction whereby a property owner requests a "loan" from you in exchange for housing, which must be paid back to you at the end of your contract. If your loan is not repaid, the property owner could lose the property to you] so he can save on rental costs and improve his quality of life having more comfort and security. This is his fourth loan request to IMPRO and second to KIVA.
El trabaja como empleado en una empresa pública por más de ocho horas como consultor, el crédito lo requiere para el pago de un postgrado en
Administración pública ya que tiene la posibilidad de un ascenso lo cual implicará una mejora en sus ingresos. Angel es la única persona encargada de cubrir los gastos de alimentación, pago de alquileres y pago de servicios básicos.
El sueño de Ángel es adquirir un anticrético para ahorrar en los pagos de alquileres, y mejorar su calidad de vida teniendo más comodidad y seguridad.
Es la cuarta vez que solicita crédito junto a IMPRO y la segunda vez junto a KIVA.
Previous Loan DetailsÁngel is employed by the Bolivian Federation of Municipalities; he works as an Autonomous Regions Coordinator. He needs the loan to pay for an advanced course in Administrative Law because it’s very important for the work he’s currently doing. He lives in a rented house located in the city of... More from Angel'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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