Update on JoséJosé is single and has no children. They live in a house under the ‘anticrético’ modality [a transaction whereby a property owner requests a "loan" from you in exchange for housing, which must be paid back to you at the end of your contract. If your loan is not repaid, the property owner could lose the property to you] located in the city of La Paz’s Llojeta zone.
He studied up to the secondary level and currently works as a member/owner for one of the city of La Paz’s radio dispatched taxi services.
He needs the loan to service his vehicle (oil change, brake fluid and steering fluid change) to keep his work tool in good operating condition.
His dream is to own a second vehicle and eventually to have his own chain of radio dispatched taxis so his income will increase and his quality of life will improve.
This is his second loan request to IMPRO and KIVA.
El estudio hasta el nivel secundario y actualmente trabaja como socio propietario en uno de los Radio taxis de la ciudad de La Paz.
El crédito lo requiere para el mantenimiento en general de su vehículo (cambio de aceites y líquidos de frenos y de volante; así mantendrá en buen estado su herramienta de trabajo.
El sueño de Jose es tener una segunda movilidad y a lo largo tener su propia cadena de radio taxis, así sus ingresos aumentaran y mejorara la calidad de vida.
Es la segunda vez que solicita crédito junto a IMPRO y la segunda vez con KIVA.
Previous Loan DetailsJosé’s single and has no children. He lives in a house under the ‘anticrético’ modality [transaction whereby a property owner requests a "loan" from you in exchange for housing, which must be paid back to you at the end of your contract. If your loan is not repaid, the property owner could lose… More from José'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
- Jun 6, 2013
- Jun 18, 2013
- Currency Exchange Loss:
- Jan 18, 2015
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.