Update on HumbertoHumberto is a very hard-working man. He lives with his partner in the zone of Achachicala, which is located in the city of La Paz. He spends most of his time operating cash registers in a supermarket. He studies at night in order to advance academically and thereby obtain a more profitable job so his earnings increase and so he will be able to look after his family. His wife works as a pharmacist in charge in the same area. She works all day from 8:30am to 7:00pm.
Humberto needs the loan in order to pay the expenses for his computing studies so he can advance academically and be able to apply for a better role or job, have greater earnings, and deal with the household expenses.
Humberto’s dream is to be able to have greater earnings because of the sacrifice his family is making, and be able to have a peaceful old age. He hopes to rely on a pension which will allow him to improve his quality of life.
El Sr. Humberto necesita el credito para pagar los gastos de sus estudios superiores de computación y asi mejorar academicamente y poder acceder a un mejor cargo o empleo y asi poder tener mayores ingresos y asi poder hacer frente a los gastos que tiene en su hogar.
El sueño de Humberto es poder tener mayores ingresos en base al sacrificio que hace su familia, y poder tener una vejez tranquila, espera contar con un salario de vejez que le permita vivir mejorar su calidad de vida.
Previous Loan DetailsHumberto is single and has no children. He lives in his father’s house where he occupies just one room, and the house is located in the Achachicala area of the city of La Paz. Humberto currently works for a private company, where he spends more than eight hours per day. He uses the money he ea... More from Humberto'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
- 26 months (Additional Information)
- Repayment Schedule
- Dec 10, 2013
- Dec 20, 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.