Update on YesitYesit is single and has two children. He lives in his parents’ house where he has a living room, bedroom kitchen and bath. The house is adobe with cement floors and is located in the city of El Alto’s Tarapaca zone.
He currently works driving his own car as a cooperative taxi with a fixed route itinerary from the Achachicala Alto zone with his stop being in the city of La Paz’s Tembladerani zone. Yesit contributes to his parents’ utility, food and clothing expenses.
He needs the loan to pay for his vehicle’s mid-year service since it’s his only source of income. Yesit’s dream is to own a second vehicle to improve his quality of life.
This is his fifth loan request to Impro and second to Kiva.
Actualmente trabaja de chofer con movilidad propia como trufi, con recorrido y ruta fijos, desde la zona Alto Achachicala siendo su parada en la zona de Tembladerani de la Ciudad de La Paz; Yesit colabora en el pago de los servicios, comida y vestimenta, de sus papas.
El crédito lo requiere para el mantenimiento semestral de movilidad, ya que es su única fuente de ingreso.
El sueño de Yesit es poder contar con otra movilidad propia, para mejorar su calidad de vida.
Es la quinta vez que solicita crédito junto a IMPRO Y la segunda con KIVA.
Previous Loan DetailsYesit is single but has two children. He lives in a rented, three-bedroom house with adobe walls and dirt floor located in the city of El Alto’s Villa Alemania zone. Yesit studied up to secondary school and is currently a partner in a cooperative taxi line working as a salaried driver providing... More from Yesit'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 7, 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.