Update on EmilianoEmiliano lives in his parent's house in the Achachicala region in the city of La Paz. He previously worked as a chauffeur, but is no longer working due to his advanced age. He receives social secuirity payments from the government which support his living expenses and cover his minimum needs.
The loan that he is asking for will be used to repair the room in which he lives, as the heavy rains sustained recently have caused leaks and ruined his furniture. He needs to buy stucco, straw and insulation to solve this problem, and fix any holes that may exist.
Actualmente no trabaja por la mayoría de edad, pero percibe una renta de jubilacion con la cual se mantiene y cubre sus mínimas necesidades, el crédito que solicita es para refaccionar el tumbado de su vivienda ya que por la epoca de lluvias se cayo y esto hizo que se arruinaran sus muebles. Necesita comprar estuco, paja, aislante, para solucionar este problema, y hacer chequear el techo para ver si hay agujeros para taparlos.
Previous Loan DetailsEmiliano is single, and does not have children. He lives in his parents' home, occupying only one small room with brick walls and earth floor. The house is located in the Achachicala area of the city of La Paz. He studied only as far as high school completion, and currently works more than ten… More from Emiliano'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.
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Success!! The loan was 100% repaid
- Repayment Term
- 14 months (Additional Information)
- Repayment Schedule
- Nov 27, 2013
- Dec 5, 2013
- Currency Exchange Loss:
- Dec 17, 2014
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.