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Oswaldo

Update on Oswaldo

Oswaldo 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.
View original language description ↓
Oswaldo es divorciado. Vive en la casa de su madre ocupando solo una habitación hecha de adobe y cemento, la casa se encuentra ubicada en la zona Bajo Tacagua de la ciudad de La Paz.
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 Details

Oswaldo 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 »

Additional Information

About IMPRO

IMPRO 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.

About Bolivia

  • $2,817
    Average annual income
  • 78
    View loans »
    Bolivia Loans Fundraising
  • $28,645,575
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
Expired
A loan of $550 helped Oswaldo to buy merchandise for his busienss.
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 14, 2013
Listed
Jul 8, 2013
Currency Exchange Loss:
N/A
Expired:
Aug 7, 2013
This photo was used before for a previous loan for Oswaldo. It was first posted on Kiva on Feb, 2013. Learn More