Update on IrmaIrma is married and has a daughter. She lives in her own home with one floor and a bedroom, kitchen and bathroom. The building is made of adobe and the floor of cement. The house is located in Tembladerani in the city of La Paz, in a street without much street lighting at night.
Irma currently works traveling and collecting all kinds of clothing which she sells in different areas. She is self employed, and works in Tembladerani in the city of La Paz at the moment. She supports her family by paying for food, bills, and her daughter's education. Her husband works in the interior of the country.
She needs this loan to buy more merchandize (all kinds of clothing), because she has very little working capital which means that she does not sell much merchandize. The loan will help her to increase her earnings.
This is the fifth time that she is requesting a loan from IMPRO and the third from KIVA.
Actualmente trabaja de viajando y acomodando ropa de todo tipo que comercializa por las diferentes zonas. Su trabajo es independiente trabajando actualmente en la zona de Tembladerani de la ciudad de La Paz, sostiene a su familia con el pago de los servicios, comida y educación de su hija, el esposo trabaja en el interior del país.
El crédito lo requiere para comprar más mercadería(ropa de todo tipo) ya que cuenta con muy poco capital de trabajo con el cual tiene poco movimiento en su mercadería, y así el crédito le ayudara a mejorar sus ingresos.
Es la quinta vez que solicita crédito junto a IMPRO Y la tercera con KIVA.
Previous Loan DetailsSra. Irma is a retail merchant who sells clothes. The loan she is requesting will be used to buy merchandise, such as sweaters, so that she will have a variety of merchandise to satisfy her customers. She will also take advantage of the year-end festivities since this is the time when her sales... More from Irma'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