Update on OswaldoOswaldo is divorced. He lives in his mother's house, where he only takes up a room made of adobe and cement. The house is located in the Bajo Tacagua area of the town of La Paz.
He currently works over eight hours a day as a salesperson for a private company. With the little he earns he must pay for the expenses he has with food and basic services.
He requests the loan in order to stock up on merchandise, since aside from working as a salesperson he also sells biscuits independently. That's why he requests the loan so he can improve his profits.
Oswaldo's dream is to be a self-employed vendor so that later on he can become independent and have more comfort. He also wishes to provide security for his son and therefore improve his living conditions.
This is the second time he requests a loan with IMPRO and Kiva.
Actualmente trabaja por mas de ocho horas como vendedor en una empresa privada, y con lo poco que gana debe cubrir los gastos de alimentación y pago de servicios básicos.
El crédito lo requiere para el aumento de mercadería ya que aparte de trabajar como vendedor también realiza venta de galletas de forma independiente es por eso que solicita el crédito para mejorar sus ingresos.
El sueño de Oswaldo es ser vendedor independiente para posteriormente poder independizarse y tener mas comodidad y también brindarle seguridad a su hijo de esta forma mejorar su calidad de vida.
Es la segunda vez que solicita crédito junto a IMPRO y KIVA.
Previous Loan DetailsOswaldo is divorced and has one daughter, who is breastfeeding. He lives in his parents' house, where he has a good environment with a room, a kitchen, and a bathroom. The home is made of adobe with cement floors and is located in the area of Bajo Tacagua in the city of La Paz. Since the house is... More from Oswaldo'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 14, 2013
- Jul 8, 2013
- Currency Exchange Loss:
- Aug 7, 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.