Update on EdgarEdgar is separated from his wife and lives alone in Santa Rosa district, in the city of La Paz. He has three children and makes his income with a car that he owns and uses to provide a public transport service. Through this business, he makes income and supports himself.
Edgar is requesting this loan to buy an engine so that he can keep his vehicle running as it is the only work tool he has for making income.
Edgar's dream is to buy his own house. This is the fourth time he has requested a loan through Kiva.
Edgar solicita el crédito para compra de motor y de esta manera mantener estable su vehículo ya que es su única herramienta de trabajo con la cual genera sus ingresos.
El sueño de Edgar comprarse su propia casa.
Esta es la cuarta vez que solicita un crédito a través de Kiva.
Previous Loan DetailsEdgar is married and has three children who are of school age. He lives at his parents’ house where he and his family occupy two rooms. The house is located in the District of El Tejar in the city of La Paz. Edgar currently works as a taxi driver for more than 10 hours each day. He works u... More from Edgar'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