Update on JuanaJuana continues working in carpentry with her husband and children in their own shop. She continues living in the city of El Alto. Her business has grown and now she needs a loan to buy lathe and milling machine, since she has planned to make doors of different sizes but made with resistant and high-quality material.
Previous Loan DetailsJuana works in carpentry alongside her husband and children since they own their own shop. They need the loan to pay their oldest son's educational costs since he's been accepted to enroll in a crafts center so that he can specialize and help support the family. Juana is married and has… More from Juana'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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