Update on CarlosCarlos 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.
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 DetailsCarlos 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… More from Carlos'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
- Feb 13, 2013
- Feb 23, 2013
- Currency Exchange Loss:
- Apr 16, 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.