Update on JuanJuan is single and doesn't have children. He lives in a rented property, occupying a room and sharing a bathroom and kitchen. The house is in the Villa El Carmen area of the city of La Paz.
He currently works for more than 8 hours a day in a private technical company and he must use his income to cover his food and transportation expenses, his rent, and to pay his utilities.
He needs the loan to pay for a course on electrics that will be of great help in his work.
Juan's dream is to improve his income buy getting a special sort of rental agreement that would enable him to save and improve his quality of life.
This is his second time working with IMPRO and KIVA.
Actualmente trabaja por mas de ocho horas al día en una empresa privada como técnico,ya que con los ingresos que tiene debe cubrir sus gastos de alimentación ,transporte, alquiler y pago de servicios básicos.
El crédito lo necesita para el pago de la actualización de un curso de electricidad que le sera de mucha ayuda en su trabajo.
El sueño de Juan es mejorar sus ingresos para adquirir un anticretico y ahorrar en el pago de alquileres de esta forma también mejorar su calidad de vida.
Es la segunda vez que trabaja junto a IMPRO y KIVA.
Previous Loan DetailsJuan is single, and he has no children. He lives in a rented house, occupying one room. The house is located in the Miraflores area of the city of La Paz. The loan that he needs is to buy a laptop because it will be a great help to him in his work. He works as an employee for over eight hours… More from Juan'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
- 17 months (Additional Information)
- Repayment Schedule
- Nov 19, 2013
- Dec 7, 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.