Update on RobertoRoberto is married and has two school aged children.
Currently he lives in his in-laws' house occupying three small rooms with brick walls. The house is located in the city of La Paz's Plan Autopista zone.
He works as a driver for more than twelve hours daily and sometimes into very late at night.
With the little he earns her has to cover basic food, education and utilities for his family.
He is requesting a loan for general maintenance for his vehicle sine it is his only source of income.
Roberto's dream is to own his own house to give his family more comfort and security.
This is the second time he is asking IMPRO and KIVA for credit.
Actualmente trabaja por mas de doce horas como chófer y a veces hasta muy altas horas de la noche ya que con lo poco que gana debe cubrir los gastos de alimentación, educación y pago de servicios básicos de su familia.
El crédito lo requiere para el mantenimiento general de su vehículo ya que es su única fuente de ingresos que tiene.
El sueño de Roberto es tener su casa propia para brindar más comodidad y seguridad a su familia.
Es la segunda vez que solicita crédito junto a IMPRO y la segunda vez con KIVA.
Previous Loan DetailsRoberto is married and has two children who are school age. They live in his parents' house occupying three small rooms with brick walls. The house is located in the city of La Paz's Plan Autopista zone. He studied up to secondary school and currently earns income because he works as a driver… More from Roberto'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
- 20 months (Additional Information)
- Repayment Schedule
- May 18, 2013
- May 21, 2013
- Currency Exchange Loss:
- Dec 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.