Update on LizethLizeth is single and has a 4-year-old son who does not yet attend school. They live in her maternal grandmother's house which is located in the Rio Seco area of the city of El Alto.
Lizeth has a high school level of education. She has a small bookstore where she offers her customers a wide range of school supplies as well as gifts and decorations. The store is located opposite a school.
Lizeth needs this loan to buy a series of cards and gifts as Mothers Day is approaching. This will allow her to increase her working capital.
Lizeth's dream is to expand her business and have a well-stocked general store. This is the second time that she has requested a loan from IMPRO and the second from Kiva.
Ella estudio hasta el nivel secundario ,ella tiene una pequeña libreria en la cual ofrece a su clientela una gran variedad de utiles escolares ademas regalos y diferentes adornos, la libreria queda ubicada frente a un colegio .
El crédito lo requiere para adquirir una serie de tarjetas y regalos ya que se acerca el dia de la madre, asi podra aumentar su capital de trabajo.
El sueño de Lizeth es ampliar su negoxio y tener un bazar completo.
Es la segunda vez que solicita crédito junto a IMPRO y la segunda vez con KIVA.
Previous Loan DetailsLizeth’s single and has a school age son. She lives in her parents’ house in a single room; the house is located in the city of El Alto’s Río Seco zone. She currently earns income from a bookstore she has in a locale under the ‘anticrético’ modality [transaction whereby a property owner… More from Lizeth'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 16, 2013
- May 30, 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.