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Crisostomo

Update on Crisostomo

Crisostomo is married and has 4 children who are now independent. He lives in his own house, occupying two rooms with brick walls and an earthen floor. The house is located in the Bella Vista neighborhood of La Paz.

Crisostomo now works more than 8 hours a day as a bricklayer, because with his modest income he must cover the expenses for food and basic utilities.

Crisostomo needs a loan to buy construction materials (bricks, cement, sand, and stucco) to build a wall in his house, and to do some finishing touches on the house, because he wants to improve his quality of life.

His dream is to finish the construction on his house so that he can accommodate his children and provide them with more comfort and security. This is the 5th time that he has requested financing from IMPRO, and the second time with Kiva.
View original language description ↓
Crisostomo, es casado y tiene cuatro hijos los cuales ya son independientes, vive en casa propia ocupando dos habitaciones con paredes de ladrillo y el piso de tierra, la casa se encuentra ubicada en la zona Bella vista de la ciudad de La Paz.
Actualmente trabaja por más de ocho horas al día como albañil ya que con sus pocos ingresos debe cubrir el pago de alimentación y pago de servicios básicos.
El crédito lo requiere para comprar material (ladrillo, cemento, arena, estuco) para la construcción de una pared en su vivienda y para realizar el acabado fino ya que desea mejorar su calidad de vida.
El sueño de Crisostomo es terminar la construcción de su vivienda para poder acoger a sus hijos y darles más comodidad y seguridad.
Es la quinta vez que solicita crédito junto a IMPRO y la segunda vez con KIVA.

Previous Loan Details

Crisóstomo works in construction as a bricklayer. He offers his services for all types of work in the city of La Paz. He needs the loan to buy construction materials (bricks, cement, stucco, sand) to repair a room in his house and to make his family more comfortable. Crisóstomo is married… More from Crisostomo'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 Housing Loans

Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.

About Bolivia

  • $2,817
    Average annual income
  • 82
    View loans »
    Bolivia Loans Fundraising
  • $28,645,575
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,500 helped Crisostomo to buy bricks, cement, sand and stucco to build a wall and to make some finishing touches on his house.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 6, 2013
Listed
Mar 16, 2013
Currency Exchange Loss:
N/A
Ended:
Oct 17, 2014
This photo was used before for a previous loan for Crisostomo. It was first posted on Kiva on Feb, 2012. Learn More