Update on Maria LuisaMaría lives in a rented house in the San Pedro area of the city of La Paz. María has a taxi, which she uses to generate her income. She has a driver whom she rents to every day. However, in order to increase her income, she sells all types of products like automobile oil, domestic appliances, and clothes, etc.
She is requesting the loan to buy more automobile oil and domestic appliances. Her driver had an embolism, and she had to cover his medical expenses. That is why her business is undercapitalized.
María’s dream is to have her own house. That is what she is saving for day to day. This way she will improve her quality of life.
This is the fifth time with IMPRO and her fourth with Kiva.
María, tiene un taxi con el cual genera sus ingresos ya que tiene un chofer que le da renta diaria, pero para aumentar sus ingresos ella se dedica a la venta de productos de toda clase como ser aceite de autos, electrodomésticos, ropa, etc. El crédito que solicita es para aumentar su capital y comprar más aceite de autos y electrodomésticos ya que su chofer tuvo una embolia y ella tuvo que cubrir los gastos médicos y se descapitalizó.
El sueño de María es tener su vivienda propia para lo cual va ahorrando día a día y de esta forma mejorar su calidad de vida.
Es la quinta vez con IMPRO y la cuarta vez que es parte de KIVA,
Previous Loan DetailsSra. Maria Luisa sells products based on the season. The loan she is requesting will be used to increase her capital so that she can buy toys for the Christmas holidays. Maria Luisa is divorced and has four children. She lives in a rented house in the District of Alto San Pedro in the city of La… More from Maria Luisa'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
- 14 months (Additional Information)
- Repayment Schedule
- Jan 21, 2013
- Jan 25, 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.