Update on EmmaEmma works raising cows to produce milk that she sells at one of the industrialized milk plants in La Paz. She lives in her own house with her children. Her husband works as a slaughterhouse in La Paz as a employee paid by piecework. For each cow slaughtered, he receives payment. They live in the community of Akerana in the Achacachi area of the province of Omasuyos in the department of La Paz, about three hours from the city. They have cows that require better care due to the weather conditions in their area.
She is requesting this loan to purchase construction materials such as cement, bricks, and corrugated iron so that she can repair the stable for the cows since that will improve production. It will preserve the health of the cows so that the milk they produce will be cleaner and of better quality.
Emma and her family dream of increasing the number of cows they own, taking care of their good health, and improving their financial situation. This is the second loan she has requested with IMPRO and Kiva.
El crédito lo requiere para comprar material de construcción: cemento, ladrillos, calamina etc. Así podrá refaccionar el establo para ganado, por lo tanto mejorar su producción, conservando la buena salud de sus vacas para que la leche que produzcan sea más limpia y de mejor calidad.
El sueño de Emma y su familia, es incrementar sus cabezas de ganado, precautelando la buena salud de ellos y mejorando sus ingresos económicos.
Es la segunda vez que solicita crédito junto a IMPRO y la segunda vez con KIVA.
Previous Loan DetailsEmma is a dairy farmer and her husband works as a waiter in a restaurant. She needs the loan to buy a pair of dairy cows to increase milk production and thus improve family income. Emma lives in her own house located in Achacachi, La Paz Department. She’s married and has a son. This is the fi... More from Emma'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
- 19 months (Additional Information)
- Repayment Schedule
- May 23, 2013
- Jul 1, 2013
- Currency Exchange Loss:
- Nov 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.