Update on NievesNieves lives in the home of her family in La Paz’s San Simón zone. She works as a functionary in a funeral home and fills in Davinci forms (used for the payment of value added taxes) for some clients. She maintains herself and her family with this activity.
The loan that she is requesting is for startup capital as she used to have a grocery store (rice, sugar, noodles) which she wants to reopen in order to improve her income. Nieves wants to buy at wholesale and make sales to her customers.
Nieves’s dream is to have a general store for her products and to give her children a good education as her husband abandoned her.
El crédito que solicita es para capital de arranque ya que ella tenía antes un negocio de venta de víveres (arroz, azúcar, fideos) el cual quiere reactivar para mejorar sus ingresos. Nieves desea comprar al por mayor y ofrecer a sus clientes.
El sueño de Nieves es poder tener un almacén de ventas de sus productos y poder darles una buena educación a sus hijos ya que el esposo la abandonó.
Previous Loan DetailsNieves works as an employee in a private firm that sells services. Her husband lives abroad and sends her a bit of money each month to help complete the necessary income to support her and her two children. She needs the loan to buy school supplies for her children since classes have starte... More from Nieves'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 29, 2013
- Jun 9, 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.