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Carlos

Update on Carlos

Carlos is married and has four children. He lives in his own house finished in adobe and a dirt floor with one bedroom, a kitchen, and a bathroom. The house is located in the Las Lomas area of the city of La Paz.

He studied through the primary level and currently makes a living making gutters with his wife, because they have to cover their expenses for food, clothing, water, and electricity.

He needs the loan for working capital to buy material--aluminum--for gutters.

Carlos's dream is to have a more prosperous business.

It's the fourth time he has requested a loan from IMPRO and the third time from Kiva.
View original language description ↓
Carlos, es casado, tiene cuatro hijos, vive en casa propia con un acabado de adobe, piso de tierra ocupando una habitación, cocina y baño, la casa se encuentra ubicada en la zona de Las Lomas de la ciudad de La Paz.

El estudió hasta el nivel primario y actualmente se dedica al armado de canaletas con su esposa, ya que tienen que cubrir los gastos de alimentación, vestimenta, agua y luz.

El crédito lo requiere para capital de trabajo, es decir comprar material – aluminio - para canaletas.

El sueño de Carlos es tener una negocio más prospero.

Es la cuarta vez que solicita crédito junto a IMPRO y la tercera vez con KIVA.

Previous Loan Details

Carlos works as an artisan making gutters (these are made from aluminum and are used in the cornices of the roof to collect rainwater and bring it down through aluminum tubes to the house's drains). He sells these on his own and through contracts. The loan that he is requesting is for the pur... More from Carlos's previous loan »

Additional Information

About IMPRO

IMPRO 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.

About Bolivia

  • $5,500
    Average annual income
  • 206
    View loans »
    Bolivia Loans Fundraising
  • $31,401,400
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $700 helped Carlos to buy aluminum to make gutters.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 13, 2013
Listed
Feb 23, 2013
Currency Exchange Loss:
N/A
Ended:
Apr 16, 2014
This photo was used before for a previous loan for Carlos. It was first posted on Kiva on Apr, 2012. Learn More