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Francisco

Update on Francisco

Franciso now makes a living raising cows and growing agricultural crops such as peaches, pears, plums, and apples. He sells the crops in the interior of Bolivia such as in the departments of Santa Cruz and Cochabamba. Francisco lives with his wife and parents in the town of Sapahaqui in the province of Loayza in the department of La Paz. Previously he worked in passenger transportation.

He needs the loan to buy machinery such as two pumps so he can irrigate his crops. He'll also buy a milking machine to mechanize the milk extraction. This will allow him to have healthy products and maximize the production time for his products.

Francisco's dream is to mechanize the agricultural production process of the products he works with.

This is the fourth time he has requested a loan from IMPRO and the second time from Kiva.
View original language description ↓
Francisco se dedica ahora a la cría de ganado vacuno y la siembra de productos agrícolas como ser durazno, pera, ciruelos y manzanas; los productos son comercializados en el interior de Bolivia como ser en el departamento de Santa Cruz y Cochabamba. Francisco vive con su esposa y padres en la localidad de Sapahaqui en la Provincia Loayza del departamento de La Paz. Anteriormente se dedicaba a transporte de pasajeros.

El crédito lo requiere para comprar maquinaria como ser dos motobombas para permitir tener riegos para sus productos. También comprará una ordeñadora para la extracción mecanizada de leche, esto le permitirá contar con productos saludables y maximizar el tiempo de proceso en la producción de sus productos.

El sueño de Francisco, es mecanizar el proceso de producción agrícolas de los productos con lo que trabaja.

Es la cuarta vez que solicita crédito junto a IMPRO y la segunda vez con KIVA.

Previous Loan Details

Francisco is a driver/owner affiliated with one of the city of La Paz’s taxi driver syndicates. The loan is to buy a motor for his vehicle, which now is constantly faltering. Francisco is single, and he has one child. He lives in his parents’ house in the Senkata area of the city of El Alto.... More from Francisco's previous loan »

Additional Information

More information about this loan


This loan is for Bolivian entrepreneurs who follow cleaner production principles in their work, including waste reduction and environmental protection. By supporting this loan, you are promoting economic activities that are environmentally friendly but that also maximize productivity to help borrowers boost their incomes.

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 Bolivia

  • $2,817
    Average annual income
  • 96
    View loans »
    Bolivia Loans Fundraising
  • $28,867,525
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,100 helped Francisco to buy two pumps for irrigation and a milking machine.
100% repaid
Repayment Term
18 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 17, 2013
Listed
May 23, 2013
Currency Exchange Loss:
N/A
Ended:
Sep 17, 2014
This photo was used before for a previous loan for Francisco. It was first posted on Kiva on Dec, 2011. Learn More