Update on SimonaSimona is married and has three children. She lives in her own home, which is located in the District of Villa Esperanza in the city of El Alto.
Simona has an elementary school education. She currently sells condiments, mainly aji peppers, which she brings in from the interior parts of the country. The loan she is requesting will be used to increase her capital so that she can buy more aji peppers and improve her condiment business.
Simona’s dream is to become a wholesale condiment trader. This is the sixth time she has requested a loan from IMPRO, but the third time through Kiva.
Ella estudio hasta el nivel de primaria y actualmente se dedica al comercio de condimentos, principalmente ají, los cuales lleva al interior del país.
El crédito lo requiere para aumento de capital y así comprar más ají y mejorar el comercio de condimentos.
El sueño de Simona es ser comerciante mayorista de condimentos.
Es la sexta vez que solicita crédito junto a IMPRO y la tercera vez con KIVA.
Previous Loan DetailsSimona is a chili pepper merchant. She travels throughout the country twice a month buying and selling this product. Her husband is a driver and also has a sound system that he uses to provide DJ services at social events. She’s asking for the loan to increase capital to buy a larger amount of... More from Simona'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
- 14 months (Additional Information)
- Repayment Schedule
- Feb 28, 2013
- Mar 9, 2013
- Currency Exchange Loss:
- Mar 17, 2014
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.