Update on SilviaSilvia’s single and has no children. She helps cover family expenses because she lives in her parents’ house located in the city of El Alto. She was able to complete secondary school and continues working as an employee for a transportation firm in the city of El Alto.
She needs the loan to buy building supplies like tile, a sink and other materials that will make it possible for her to improve the bathroom at home which is quite deteriorated. Silvia’s dream is to completely redo the place where she lives in order to improve her quality of life.
Ella pudo terminar la secundaria, continúa trabajando como empleada en una empresa de transportes de El Alto.
Necesita crédito para comprar material de construcción como azulejos, un lavamanos, y otros materiales que le permitan mejorar el baño de su domicilio que se encuentra bastante deteriorado.
El sueño de Silvia es refaccionar por completo el lugar donde vive para mejorar su calidad de vida.
Previous Loan DetailsSilvia is single and does not have children. She lives in her parents' house in a room made of adobe with dirt floors. The house is located in teh 23 de Marzo aera of the city of El Alto. Silvia works as an employee of a transportation company in the Rió Seco of the city of El Alto. She stud... More from Silvia'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.
About Housing Loans
Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.
93View loans »
Success!! The loan was 100% repaid
- Repayment Term
- 20 months (Additional Information)
- Repayment Schedule
- Jul 18, 2013
- Aug 7, 2013
- Currency Exchange Loss:
- Feb 17, 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.