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Nelly

Update on Nelly

Nelly is married and lives under an "anticrético" arrangement [when a tenant pays a fixed sum upon renting a house instead of monthly rent] in the Eloy Salmon district of the city of La Paz. She and her husband make a living selling military uniforms they make.

Nelly's requesting the loan to buy fabric, buttons, zippers, and other things to continue with her business. Nelly needs to motivate her business because unfortunately her income isn't enough for her expenses.

Nelly's dream is to make her business grow and be able to save money to have her own house.

This is the second time she has requested a loan through Kiva.
View original language description ↓
Nelly es casada y vive en anticrético en la zona de Eloy Salmon de la ciudad de La Paz. Ella y su esposo se dedican al comercio de trajes militares que son confeccionados por ellos.

Nelly solicita el crédito para la compra de telas, botones, cierres y otros para continuar con su negocio.

Nelly necesita impulsar su negocio porque lamentablemente los ingresos que recibe no son suficientes para los gastos que tiene.

El sueño de Nelly es hacer crecer su negocio y poder ahorrar para tener una casa propia.

Esta es la segunda vez que solicita crédito a través de Kiva.

Previous Loan Details

Nelly is married and has no children. She lives in a rented house and occupies three rooms. The house is located in the District of Gran Poder in the city of La Paz. Nelly only has a high school education and currently works as a seamstress alongside her husband. They produce clothes for the ... More from Nelly'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
  • 198
    View loans »
    Bolivia Loans Fundraising
  • $31,410,700
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $800 helped Nelly to buy fabric, zippers, and buttons to make military uniforms.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 5, 2013
Listed
Feb 23, 2013
Currency Exchange Loss:
N/A
Ended:
Mar 17, 2014
This photo was used before for a previous loan for Nelly. It was first posted on Kiva on Aug, 2012. Learn More