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Update on Luis

Luis lives with his parents in La Paz’s Alto San Pedro area. He earns his living renting out musical instruments, speakers, etc. for musical groups, and he also plays in a band.

Luis is seeking a loan to buy a pair of amplifiers so he can continue to build his musical instrument rental business and earn more money for his family.

His dream is to be able to leave home and form his own orchestra.
View original language description ↓
Luis vive en casa de sus padres en la zona de Alto San Pedro de la ciudad de La Paz, se dedica al flete de instrumentos musicales, parlantes, y otros para conjuntos musicales y tambien toca en una banda.

Luis solicita el crédito para compra de un par de amplificadores para continuar con su negocio de flete de los mismos y de esta manera generar más ingresos para su familia.

El sueño de Luis es poder independizarse de la casa de sus padres y poder formar su propia orquesta musical.

Previous Loan Details

Luís is single and has no children. He lives in his mother’s house occupying just one small room with a dirt floor; the house is located in the city of La Paz’s San Pedro zone. He is currently studying Social Communication at the university and earns income working as a musician in a band for... More from Luis's previous loan »

Additional Information


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

  • $5,500
    Average annual income
  • 167
    View loans »
    Bolivia Loans Fundraising
  • $33,362,700
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Luis to buy amplifiers for his musical instrument rental business.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Feb 22, 2013
Mar 11, 2013
Currency Exchange Loss:
Sep 17, 2014
This photo was used before for a previous loan for Luis. It was first posted on Kiva on May, 2012. Learn More