Update on GabrielaGabriela lives in her parents’ house in the Tembladerani area of the city of La Paz. She works as an employee of a pharmacy where she gets a monthly salary. She uses her salary to pay for her necessities and those of her sister, who is ill.
The loan that she is requesting is to pay her sister’s medical expenses. Her sister will have a gall bladder operation. Due to the social nature of the loan and the form of payment, she qualifies for a new loan.
Gabriela’s dream is to be able to become independent from her parents’ house and to be able to buy a little house.
El crédito que solicita es para paga los gastos médicos de su hermana quien será operada de la vesícula; por el carácter social y por la forma de pago califica para un nuevo crédito.
El sueño de Gabriela es poder independizarse de la casa de sus padres y poder comprar una casita.
Previous Loan DetailsGabriela works as an employee of a public entity, and she also has a stall selling sweets where she works every other day. This activity helps as a source of income. The loan that she is requesting is to pay for the fees and enrollment at the institution where she is studying to be an executive… More from Gabriela'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 16, 2013
- May 21, 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.