Update on FavianFavián works raising dairy cattle to produce milk that he sells to an industrial milk processing plan in La Paz Department. He lives with his wife and children in his own house located in the community of Cota Cota in Los Andes Province, La Paz Department three hours away from the city of La Paz. He owns a few heads of cattle of an improved breed that require more care because of the weather conditions in the sector.
He needs the loan to buy building supplies like cement, bricks, etc. to repair the stable for the cattle in order to improve production keeping the cows in good health.
Favián’s dream is to increase his herd size and keeping them healthy. This is his second loan request from Impro and from Kiva.
El crédito lo requiere para comprar material de construcción: cemento, ladrillos, etc. Así podrá refaccionar el establo para ganado, por lo tanto mejorar su producción, conservando la buena salud de sus vacas.
El sueño de Favian es incrementar sus cabezas de ganado, precautelando la buena salud de ellos.
Es la segunda vez que solicita crédito junto a IMPRO y la segunda vez con KIVA.
Previous Loan DetailsSr. Favian is a milk producer and his wife is an artisan. The loan he is requesting will be used to buy a dairy cow so that he can increase both his milk production and his income. He lives in his own home in the town of Cota Cota in Los Andes Province in the Department of La Paz. Favian is ma... More from Favian'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 6, 2013
- May 23, 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.