Paola Riveros

Status: Paying Back

$1,000
Loan Request
Disbursed : Jul 22, 2008
Listed: Jul 7, 2008
Funded: Jul 8, 2008
94% repaid

About the Country

Country:Bolivia
Avg Annual Income:$2,817
Currency:Bolivia Bolivianos (BOB)
Exchange Rate:7.1622 BOB = 1 USD


About the Loan

Location: La Paz, Bolivia   Repayment Term: 20 months
(more info)
Activity: Tailoring   Repayment Schedule: Monthly
Loan Use: Purchase sewing machine for making gym shorts   Currency Exchange Loss: Covered
      Default Protection: Covered
Ms. Paola Riveros lives in a rented home in the Tocopilla passage of the Bajo Tacagua zone in the city of La Paz with her family. She makes gym shorts for men and children for a living. She is requesting a loan in order to purchase a sewing machine, since the one she currently has cannot meet customer demand. Furthermore, this business generates employment opportunities for two more people, who also earn income in order to cover their bare necessities and support their families.


She has a favorable credit history, which is why she can request a new loan. She has been a member of Impro since 2007, and her payments have always been made following the established agreements.

Translated from Spanish by Elizabeth Casian, Kiva Volunteer.



La señora Paola vive en alquiler en el pasaje Tocopilla de la zona Bajo tacagua de la ciudad de La Paz con su familia; la actividad que realiza es la confección de Pantalones cortos deportivos para niños y adultos. El crédito que solicita es para la compra de una maquina de costura ya que con la que tiene no abastece la demanda de sus clientes. Además con esta actividad genera empleo a dos personas las cuales de alguna manera también generan sus ingresos para poder cubrir sus mínimas necesidades y mantener a sus familias.



Su antecedente es bueno por lo cual puede acceder aun nuevo crédito. Es cliente de Impro desde el año 2007 y sus pagos han sido siempre efectuados dentro de los plazos establecidos.


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Journal entries for Paola Riveros


Loan has been disbursed
 
Entrepreneur: Paola Riveros
Location: La Paz, Bolivia

Thank you for your loan. It has been disbursed to Paola Riveros by IMPRO in Bolivia. We are excited to watch this business grow. Over the next 18 months, IMPRO will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from La Paz, Bolivia
Jul 23, 2008
Comment on this entry

Update on your loan to Paola Riveros
 
Entrepreneur: Paola Riveros
Location: La Paz, Bolivia

I recently had the chance to meet Paola while visiting IMPRO clients in the cities of El Alto and La Paz. Although she is pictured sewing in both of these pictures, she actually employs two additional laborers that work out of her rented house in order to meet demand from her clients. She now has three sewing machines and in the future hopes to be able to afford to purchase another machine and, eventually, her own home.


Posted by Daniel Kahn, Kiva Staff, from San Francisco, United States
Aug 22, 2008
Comment on this entry

Kiva Help Repayment Schedule for Paola Riveros

  Expected Repayments Actual Repayments Comments
October 2008 $55.56 $56.00 Repayment Received
November 2008 $55.56 $56.00 Repayment Received
December 2008 $55.56 $55.00 Repayment Received
January 2009 $55.56 $55.22 Repayment Received
February 2009 $55.56 $55.56 Repayment Received
March 2009 $55.56 $55.56 Repayment Received
April 2009 $55.56 $55.56 Repayment Received
May 2009 $55.56 $55.56 Repayment Received
June 2009 $55.56 $55.55 Repayment Received
July 2009 $55.56 $55.56 Repayment Received
August 2009 $55.56 $55.56 Repayment Received
September 2009 $55.56 $55.59 Repayment Received
October 2009 $55.56 $55.56 Repayment Received
November 2009 $55.56 $55.56 Repayment Received
December 2009 $55.56 $55.56 Repayment Received
January 2010 $55.56 $55.56 Repayment Received
February 2010 $55.56 $55.56 Repayment Received
March 2010 $55.48 Available Mar 1