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Favian

Update on Favian

Favián 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.
View original language description ↓
Favián se dedica a la cría de ganado vacuno para la producción de leche la cual vende a una de las Plantas Industrializadoras de Leche del Departamento de La Paz. El vive con su esposa y sus hijos, en su casa propia ubicada en la comunidad de COTA COTA, de La provincia Los Andes del Departamento de La Paz a tres horas de distancia de la ciudad de La Paz; cuenta con algunas cabezas de ganado de raza mejorada las cuales requieren mejor cuidado dada las condiciones climatológicas del sector.
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 Details

Sr. 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 »

Additional Information

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
  • 106
    View loans »
    Bolivia Loans Fundraising
  • $29,131,375
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,500 helped Favian to buy building supplies to repair the stables.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 6, 2013
Listed
May 23, 2013
Currency Exchange Loss:
N/A
Ended:
Dec 17, 2014
This photo was used before for a previous loan for Favian. It was first posted on Kiva on Sep, 2011. Learn More