Update on PrudenciaPrudencia makes a living from washing sand and also makes shawls of thread for women who dress in the traditional manner. She lives in a rented adobe house with a cement floor. Her home is located in the Irpavi area of the city of La Paz.
Prudencia washes sand and makes traditional clothing, from which she generates her income to cover expenses for food, electricity and water. She requires the loan to increase her working capital. She will buy thread to increase her production of shawls and thus improve her earnings and her quality of life.
Prudencia's dream is to have a weaving workshop, and to own a house.
Prudencia lava arena y elabora polleras, del cual genera sus ingresos para cubrir sus gastos de alimentación, luz, agua; el crédito lo requiere para el aumento de capital: comprará hilo para aumentar su producción de polleras y así mejorar su ingresos y su calidad de vida.
El sueño de Prudencia es tener un taller de tejido y tener su casa propia.
Previous Loan DetailsPrudencia works washing sand and also manufacturing fabric from thread to be used by women in their ‘polleras’ [traditional skirts]. She lives in a rented adobe house with a cement floor located in the city of La Paz’s Irpavi zone. Prudencia washes sand and manufactures ‘polleras’ generating… More from Prudencia'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
- 8 months (Additional Information)
- Repayment Schedule
- Jun 13, 2013
- Jul 2, 2013
- Currency Exchange Loss:
- Jan 18, 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.