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Victor

Update on Victor

Victor lives in his own house, which is made of brick with a cement floor, in the area of Bajo Llojeta in the city of La Paz. He has a job as an employee at a vehicle repair workshop. He needs the loan to buy paint for a job he has so he can make better profits and cover his household costs.

Victor's dream is to have his own workshop, as even with the previous loan the workshop is not completely finished, and then he will have enough income to cover his costs when he is older. This will be his second loan with Kiva and third with IMPRO.
View original language description ↓
Victor vive en casa propia en un acabado de ladrillo y piso de cemento en la zona de Bajo Llojeta de la ciudad de La Paz. El oficio que desempeña es de empleado en una chapería de vehículos. Victor necesita el crédito para poder comprar pintura para un trabajo que tiene y así poder obtener mayores beneficios y poder cubrir con los gastos que tiene en su hogar.

El sueño de Victor es poder instalar su propio taller, pues aún con el crédito anterior el taller todavía no está completamente instalado, y asi tener los ingresos económicos suficientes para poder cubrir sus gastos cuando ya sea mayor de edad.
Esta es la segunda vez que trabajará con kiva y la tercera con IMPRO.

Previous Loan Details

Víctor is a mechanic and a public transportation driver. He needs the loan to set up a mechanic’s workshop in order to give his customers better service and to get more customers. Specifically, he needs carjacks, screws, two electric screwdrivers, oil for motors, brakes, and steering. Víctor i... More from Victor'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.

Tags

About Bolivia

  • $5,500
    Average annual income
  • 237
    View loans »
    Bolivia Loans Fundraising
  • $31,598,925
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
Paying Back

This loan has been fully funded!

A loan of $800 helped Victor to buy paint for a job painting a vehicle.
90% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 18, 2013
Listed
Oct 4, 2013
Currency Exchange Loss:
N/A
This photo was used before for a previous loan for Victor. It was first posted on Kiva on Jan, 2012. Learn More