Update on JeanetteJeanette is single and lives at home with her parents in the San Martin neighborhood of the city of La Paz. She has two children whom she supports on her own. She earns a living with two cars she rents daily for public transportation.
Jeanette is asking for a loan to buy parts so she will be able to repair on of her cars, as they are the tools that allow her to have an income and support her family.
This is the fifth time she is asking for a loan through Kiva. Her payment record is impeccable.
Jeanette solicita el crédito para compra de repuestos y de esta manera poner estable uno de sus vehículos ya que es su herramienta de trabajo que le permite generar sus ingresos y mantener a su familia.
Esta es la quinta vez que solicita un crédito a través de Kiva. Su historial de pagos es impecable.
Previous Loan DetailsJeannette is single and has two school-aged children. They live in two rented rooms in the San Martín area of the city of La Paz. Currently, she has income from her two vehicles, from which she earns a daily rent. She is the only one who covers her family's expenses for rent, education, food and... More from Jeanette'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
- 7 months (Additional Information)
- Repayment Schedule
- Feb 28, 2013
- Mar 7, 2013
- Currency Exchange Loss:
- Aug 17, 2013
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.