Update on HilarioHilario works in a bodywork shop repairing and painting vehicles, mudguards, and providing exterior protection. He lives in Anticretico in El Alto, department of La Paz, about an hour from the city of La Paz.
Hilario's Greatest wish is to buy more equipment like a much-needed compressor so he can improve his workmanship. His current one is rusty and in poor condition so he cannot do good work with it. For this reason he is seeking a loan to buy a new compressor.
This is his third loan with IMPRO and his second with Kiva.
El vive en anticretico, ubicada en El Alto del Departamento de La Paz a una hora de distancia de la ciudad de La Paz.
El sueño de Hilario es comprar maquinaria (Compresora) que le es de mucha necesidad para mejorar su trabajo, puesto que el que tiene actualmente se encuentra oxidado y en mal estado y asi no puede brindar un buen servicio. esta es la razón por la que solicita el crédito, para comprar una nueva compresora.
Es la tercera vez que solicita crédito junto a IMPRO y la segunda vez con KIVA.
Previous Loan DetailsHilario provides his services in a bodywork shop. He devotes himself to fixing dents, that is to say he fixes the damage from car accidents. With this business activity he generates income to help his family. The loan is to buy work tools like a grinder and a compressor drive head. Hilario… More from Hilario'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.
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This loan has been fully funded!
- Repayment Term
- 20 months (Additional Information)
- Repayment Schedule
- Nov 6, 2013
- Nov 23, 2013
- Currency Exchange Loss:
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.