Update on SandraSandra is married and has two school age children. She lives in a house under the “anticrético” mode [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 loses the property to you]. The house is a duplex, and they occupy a small studio apartment. It is located in the Sopacachi area of the city of La Paz.
She currently works as a secretary, and her husband does not now have a job. She works eight hours a day. She does this because it is the only way to cover the family’s expenses for food, education, and basic services.
She needs the loan to pay for her children's for summer classes. Sandra’s dream is to see her children well trained and prepared for the future.
This is her third request for a loan from IMPRO and the third from Kiva.
Actualmente trabaja como secretaria, el esposo actualmente se encuentra sin trabajo, ella trabaja ocho horas al día ya que es la única que cubre los gastos de alimentación, educación y pago de servicios básicos de su familia.
El crédito lo requiere para las inscripciones de sus hijos en los cursos de verano.
El sueño de Sandra es ver a sus hijos bien capacitados y preparados para un futuro.
Es la tercera vez que solicita crédito junto a IMPRO y la tercera con KIVA.
Previous Loan DetailsSandra currently gets income working over eight hours a day as an employee of a public entity in La Paz. She still lives in her parents’ house in the Sopocachi area of La Paz. She is married and has two school age children. This is why she is requesting the loan. She needs to buy school… More from Sandra'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
- 15 months (Additional Information)
- Repayment Schedule
- Dec 27, 2012
- Jan 2, 2013
- Currency Exchange Loss:
- Feb 17, 2014
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.