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Simona

Update on Simona

Simona 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.

View original language description ↓
Simona, es casada y tiene tres hijos , vive en casa propia, la casa se encuentra ubicada en la zona villa Esperanza de la ciudad de El Alto.
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 Details

Simona 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 »

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
  • 104
    View loans »
    Bolivia Loans Fundraising
  • $28,227,600
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $600 helped Simona to buy more aji peppers in bulk.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 28, 2013
Listed
Mar 9, 2013
Currency Exchange Loss:
N/A
Ended:
Mar 17, 2014
This photo was used before for a previous loan for Simona. It was first posted on Kiva on Sep, 2011. Learn More