Update on NancyNancy lives in her own home with her husband and young son in the Tembladerani area of La Paz city.
Nancy continues to work as a public account and her husband is a retired landlord who was with a local bank. They have a young son who they still maintain.
The loan that Nancy is applying for is to pay for her son's studies. He is studying at university and, because of their circumstances, qualifies for a loan with Impro and to be part of Kiva.
Nancy's dream is to see her son become a professional.
This is her sixth loan with Impro and her second time with Kiva.
Nancy continúa trabajando como contador público y el esposo es jubilado rentista de una entidad bancaria local; ellos tienen un hijo menor al cual siguen manteniendo.
El crédito que Nancy solicita es para pagar los estudios de su hijo que aún está en la Universidad; por el carácter social, califica para un crédito en Impro y formar parte de Kiva
El sueño de Nancy, es ver profesional a sus hijo
Es la sexta vez con IMPRO y la segunda vez que es parte de KIVA.
Previous Loan DetailsNancy is married and has three children; two of them are independent. They live in a rented house, and they occupy two rooms. The house in in the Tembladerani area of the city of La Paz. Nancy works as a public accountant in a private company for over eight hours. She does this because she… More from Nancy'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
- Feb 9, 2013
- Feb 18, 2013
- Currency Exchange Loss:
- Sep 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.