Update on RicardoRicardo is married with three children, two of whom are on their own already with the last one (a young lady) living with him and his wife in the San Martin neighborhood of the city of La Paz. He has a car he uses to transport passengers and he uses his income from the car to support his family.
Ricardo is asking for a loan to buy an engine for his car, as the one that is currently installed no longer works correctly and there is no way to fix it so it can be in good condition and not leave his family with no means of support.
Ricardo's dream was to make professionals out of his children, which he did with his two eldest. Now only his youngest daughter is left and with her, his dream would be achieved.
Ricardo solicita el crédito para compra de motor para su vehículo, ya que el que está instalado actualmente ya no funciona correctamente y no hay forma de arreglarlo, para poder ponerlo en buenas condiciones y de esta manera no dejar sin sustento a su familia.
El sueño de Ricardo fue poder sacar profesionales a sus hijos lo cual ya se realizó en las dos hijos mayores, solo le falta con la hija menor, con lo cual su sueño estaría cumplido.
Previous Loan DetailsRicardo is single, and he has three children. His living arrangement is an "anticrético" (lump-sum loan provided in exchange for housing tenure, where the loan must be paid back to the lender/occupant at the end of a specified period), and he occupies two rooms. The house is in the San Martín a... More from Ricardo'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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