Update on DionicioDionicio is married and has two children who are in school. They live in their own three bedroom house with brick walls and a dirt floor. The house is located in the Cotahuma zone of the city of La Paz. Dionicio currently works as a construction worker for more than eight hours a day. The work he does is very risky, and he does not have life insurance. The little that he earns goes towards covering his family’s food, clothing, education, and basic service expenses.
He needs the loan to buy construction materials for his house since he wants to improve his quality of life and make his family more comfortable.
Dionicio’s dream is to have his own construction machinery and to be a master contractor to improve his earnings.
This is Dionicio’s eleventh time working with IMPRO and the third time with KIVA.
Actualmente trabaja como albañil en construcción por mas de ocho horas al día, el trabajo que cumple es de mucho riesgo y no cuenta con seguro de vida y con lo poco que gana debe cubrir los gastos de alimentación, educación y pago de servicios básicos de su familia.
El crédito lo requiere para la compra de material de construcción de su vivienda ya que desea mejorar su calidad de vida y dar mas comodidad a su familia.
El sueño de Dionicio es tener maquinaria propia para construcción y ser maestro contratista para mejorar sus ingresos.
Es la onceava vez que trabaja junto a IMPRO y la tercera vez con KIVA.
Previous Loan DetailsDionisio is married and has seven children who are school age; they all live in his own house occupying three rooms. The house is located in the city of La Paz’s San Juan zone. He only went to elementary school and currently works in construction more than ten hours doing all types of const... More from Dionicio'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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- Repayment Term
- 20 months (Additional Information)
- Repayment Schedule
- Jun 12, 2013
- Jul 3, 2013
- Currency Exchange Loss:
- Aug 2, 2013
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.