Update on DayanaDayana is a merchant and lives at her parents’ house, which is made of brick and has cement floors. The house is located in the District of Villa Nuevo Potosi in the city of La Paz. Dayana works more than eight hours day since that is the only way for her to support herself and her child.
She is requesting a loan to increase her capital. Dayana sells blankets, quilts, and sportswear as a street vendor since she has no established retail location. She wants to buy more of these items so that she can continue her revenue flow and even improve it.
Dayana’s dream is to finish her higher education. This is the second time she has requested a loan through Kiva.
Dayana requiere el crédito para el aumento de su capital; ella vende frazadas, edredones, buzos deportivos en forma ambulatoria (no tiene lugar fijo de ventas) y desea comprar más de estos artículos para continuar su flujo de ingresos y tal vez hasta mejorarlo..
El sueño de Dayana es terminar sus estudios superiores.Esta es la segunda vez qaue solicita un préstamo a través de Kiva.
Previous Loan DetailsDayana currently generates income by selling quilts and blankets as a street vendor. She works more than 10 hours a day in order to pay for food and basic services for her family. Dayana only has a high school education and is a single mother of a small child. She lives at her parents’ ho... More from Dayana'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
- May 7, 2013
- May 19, 2013
- Currency Exchange Loss:
- Jun 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.