Update on MarthaMartha has a neighborhood store in her home. She lives in her own home, with finished walls and tongue and groove wood flooring. Her home is located in the Irpavi area of the city of the La Paz.
Martha has a neighborhood store where she sells various products, from which she generates income to cover expenses for food, electricity and water. She needs the loan to increase her working capital.
She will buy soft drinks, cookies, rice, sugar, and other items for supplying her store, and this way improve her income and her quality of life. Martha's dream is to expand her business. This is her nonth loan with IMPRO and her third with Kiva.
Martha tiene una tienda de barrio donde vende diversos productos, del cual genera sus ingresos para cubrir sus gastos de alimentación, luz, agua; el crédito lo requiere para el aumento de capital; comprará gaseosas, galletas, arroz, azúcar y otros para surtir su tienda y así mejorar sus ingresos y su calidad de vida.
El sueño de Martha es ampliar su negocio.
Es la novena vez con IMPRO y la tercera con Kiva.
Previous Loan DetailsMartha’s married and has two children who are attending secondary school. They all live in her two-bedroom house located in the city of La Paz’s Irpavi zone. She only completed secondary school and currently earns income from her grocery store. She works more than 12 hours daily because ... More from Martha'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