Update on GuillerminaGuillermina’s divorced and has a son. She lives in the ‘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] modality in a house located in the city of El Alto’s 23 de Marzo zone. She attended elementary school and is currently a blanket and comforter merchant in the city of El Alto. She needs the loan to buy more blankets and comforters to increase capital and improve her standard of living. Guillermina’s dream is to have her own blanket and comforter store. This is the third time she’s requested credit from IMPRO and from KIVA.
Ella estudio hasta el nivel de Primaria y actualmente es comerciante de frazadas y edredones en las ferias de la ciudad de El Alto.
El crédito lo requiere para comprar más frazadas y edredones y de esta manera aumentar su capital y mejorar su nivel de vida.
El sueño de Guillermina es tener su propia tienda de frazadas y edredones.
Es la Tercera vez que solicita crédito junto a IMPRO y la tercera vez con KIVA.
Previous Loan DetailsSra. Guillermina sells beds and blankets at retail. The loan she is requesting will be used to buy more beds and blankets in different sizes and colors so that she can take advantage of year-end sales. Guillermina is single and has one child. She lives in a rented home in the March 23rd Distri... More from Guillermina'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
- 20 months (Additional Information)
- Repayment Schedule
- Jan 7, 2013
- Jan 17, 2013
- Currency Exchange Loss:
- Aug 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.