Update on CrisostomoCrisostomo 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.
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 DetailsCrisóstomo 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 »
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.
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.
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Success!! The loan was 100% repaid
- Repayment Term
- 20 months (Additional Information)
- Repayment Schedule
- Mar 6, 2013
- Mar 16, 2013
- Currency Exchange Loss:
- Oct 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.