Update on DanteDante is single and lives in a rented home in La Paz. He is a professional chef and works on his own, providing food service. He is a new professional and he has trouble finding jobs because he is not yet well known. He needs this loan so he can buy another oven to increase his production and be able to fill large orders for customers who need his services quickly (which happens when a customer has hired another person who has not delivered, and who must work quickly to find a replacement.) Besides, an investment like this one will allow Dante to preserve his customer’s health, by selling food prepared cleanly and will less energy.
Dante’s dream is to grow professionally and find better options for life in the future, where he won’t have to pay rent.
El sueño de Dante es crecer profesionalmente y en el futuro encontrar mejores opciones de vivienda donde no tenga que pagar alquileres.
Previous Loan DetailsDante works as a consultant and restaurant manager since he has a contract with the city of Santa Cruz. He needs the loan to set up his own restaurant to earn income to help his family. Dante is single and has no children. He lives in his parents' house in the city of La Paz's Irpavi zon... More from Dante's previous loan »
More information about this loan
This loan is for Bolivian entrepreneurs who follow cleaner production principles in their work, including waste reduction and environmental protection. By supporting this loan, you are promoting economic activities that are environmentally friendly but that also maximize productivity to help borrowers boost their incomes.
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
- 26 months (Additional Information)
- Repayment Schedule
- Aug 15, 2013
- Aug 20, 2013
- Currency Exchange Loss:
- Sep 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.