Update on NellyNelly is married with three children, who help their parents. They live in a family home, located in the area of Achachicala in the city of La Paz.
Nelly studied hairdressing at a beauty institute and worked in this field for ten years in her own beauty salon. Later, she made a living selling prepared food. She recently returned to working in her own hair salon and began to care for her husband, who is in medical treatment for arthritis.
Nelly works every day in her salon, offering haircuts, manicures, and hair color. She maintains her family with food, clothing, and basic services.
She needs this loan to improve and increase her working tools in the hair salon, which she runs from her home in Achachicala, La Paz. She will buy a new pair of scissors, gowns, combs, disinfectant, etc.
Nelly's dream is to implement the hair salon which she has, as it is her main source of income, and for her husband to recover from his illness. She will then be able to improve her family's quality of life.
This is the third time that she has applied for a loan with IMPRO and Kiva.
Nelly estudió peinados en un instituto superior de belleza y trabajó durante 10 años en este rubro en un salón de belleza propio. Luego, se dedicó a la venta de comida preparada y actualmente volvió al salón de peinados y al cuidado de su esposo que está en tratamiento médico por una enfermedad de artritis; Nelly trabaja todos los días de la semana, en el salón de peinados manicure y tintes, Nelly mantiene a la familia en su alimentación, vestimenta, y servicios básicos.
El crédito lo requiere para mejorar e incrementar sus herramientas de trabajo en el salón de peinados que funciona en la misma casa donde vive en la zona de Achachicala de la ciudad de La Paz (comprará un par de tijeras nuevas, capas, peines, líquido desinfectante, etc.).
El sueño que tiene Nelly es de implementar el salón de peinados con el que cuenta ya que es su ingreso principal y que el esposo se pueda recuperar de su enfermedad. Así podrá mejorar la calidad de vida de su familia.
Es la tercera vez que solicita crédito junto a IMPRO y la tercera vez con KIVA.
Previous Loan DetailsNelly Works selling food from her home. Her husband is a retired pensioner. The loan that she needs is to buy wholesale rice, noodles, and other condiments to make the food the she prepares and sells. Nelly is married and has three children. She lives with them in her own house in the A... More from Nelly'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
- Apr 22, 2013
- Apr 26, 2013
- Currency Exchange Loss:
- May 24, 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.