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Edgar

Update on Edgar

Edgar 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.
View original language description ↓
Edgar está separado de la esposa vive solo en la zona de santa Rosa de la ciudad de la Paz; tiene tres hijos, genera sus ingresos a través de un automóvil que tiene el cual lo trabaja en transporte público; con esta actividad genera sus ingresos y se mantiene.

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 Details

Edgar 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... More from Edgar'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

  • $2,817
    Average annual income
  • 128
    View loans »
    Bolivia Loans Fundraising
  • $30,305,725
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $750 helped Edgar to buy an engine for his taxi so that he can continue making income and supporting himself.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 28, 2013
Listed
Mar 7, 2013
Currency Exchange Loss:
N/A
Ended:
Aug 17, 2013