Update on MariaMaria is divorced and has three children who are all already independent. She lives in a house under an antichresis rental arrangement, occupying four rooms. The house is located in the Cota Cota area of the city of La Paz.
Currently, she receives a retirement pension, with which she should be able to cover the cost of food and basic services. This is the same reason she is asking for the loan, since she wants to increase her capital for the clothing business in order to improve her income.
Maria's dream is to have her own house, since currently she lives alone and does not receive any kind of help from her children. That is why it is very complicated for her to move.
This is the third time she has worked with IMPRO and the second time with Kiva.
Actualmente percibe una renta de jubilación con lo cual debe cubrir los gastos de alimentación y pago de servicios básicos, es por la misma razón que solicita el crédito ya que desea aumentar su capital para el comercio de ropa para mejorar sus ingresos.
El sueño de Maria es tener su casa propia ya que actualmente vive sola y no percibe ninguna clase de ayuda por parte de sus hijos es por eso que le resulta muy complicado el trasladarse.
Es la tercera vez que trabaja junto a IMPRO y la segunda vez con KIVA.
Previous Loan DetailsMaria is divorced and has three children, all of whom are independent. She lives in a rented house that consists of only one room. The house is located in the District of Cota Cota in the city of La Paz. Maria currently receives a retirement pension, but she also works by selling houses. S... More from Maria'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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Success!! The loan was 100% repaid
- Repayment Term
- 20 months (Additional Information)
- Repayment Schedule
- Dec 24, 2013
- Jan 9, 2014
- Currency Exchange Loss:
- Jul 17, 2015
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.