Update on SantosSantos is married and has three school age children; they all live in his own, two-bedroom house located in the city of La Paz’s Achachicala zone.
Santos is a barber and works more than 12 hours daily in his barber shop since what he earns is used to pay for food, schooling and basic utility costs for his family. He needs the loan to expand and increase his barber shop’s capital purchasing hair clippers for different haircuts and hair styles; with this he hopes to improve his income to improve his quality of life.
Santos' dream is to build more rooms onto his house to provide more comfort for his family. Santos has been an IMPRO client since 1999 and this is his third time with KIVA.
Santos es peluquero y trabaja por más de doce horas al día en su peluquería, ya que con lo que gana debe cubrir los gastos de alimentación, educación y pago de servicios básicos de su familia.
El crédito lo requiere para ampliar y aumentar el capital en su peluquería dotándose de máquinas cortadoras para diferentes cortes y estilos de cabello y con esto desea mejorar sus ingresos para mejorar su calidad de vida.
El sueño de Santos es construir más habitaciones en su casa para poder dar
más comodidad y seguridad a su familia.
Santos es cliente de IMPRO desde el año 1999 y ésta es la tercera vez con KIVA.
Previous Loan DetailsSantos is a barber. The loan that he is requesting is to repair the front of his house and to install plumbing. Santos is married and has three children. He lives in his own house in the Achachicala zone in the city of La Paz. He is very pleased with the loans he was granted. They helped… More from Santos'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
- 12 months (Additional Information)
- Repayment Schedule
- Jan 4, 2013
- Jan 14, 2013
- Currency Exchange Loss:
- Dec 17, 2013
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.