Update on JuanJuan is single and has no children. He lives in a mortgaged house in the area of Villa Bolívar in the city of El Alto. Right now he is working as an employee for a business in the city of El Alto, receiving a monthly salary as an accountant. He needs the loan to do a continuing education class for accounting and thus improve his knowledge and try to increase his income.
Juan Gualberto's dream is to own his own home and thus improve his quality of life. This is the fourth time he has asked for a loan from IMPRO and the second time from KIVA.
Actualmente trabaja como Empleado en una empresa en la ciudad de El Alto percibiendo un salario mensual como contador.
El crédito lo requiere realizar un curso de actualización para contabilidad y así poder mejorar sus conocimientos y tratar de mejorar sus ingresos.
El sueño de Juan Gualberto es tener su casa propia y así mejorar su calidad de vida.
Es la cuarta vez que solicita crédito junto a IMPRO y la segunda vez con KIVA.
Previous Loan DetailsJuan is single and has no children. He lives with relatives occupying a single room in a house located in the city of La Paz’s Miraflores zone. He currently earns income because he works more than 8 hours daily as an accountant in a private firm. With what he earns he’s able to pay food and… More from Juan'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 21, 2013
- May 30, 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.