Update on YakelinYakelin lives in a leased property in the central area of the city of La Paz. She is single and has one child. Yakelin continues to sell clothing and accessories door-to-door as she has no shop. By doing this she supports herself and her daughter and pays for their necessities.
The loan Yakelin is requesting is to increase her capital buying more clothing and accessories to continue her business and increase her revenues. Yakelin's dream is to provide her daughter with a better life. She is looking for a store to rent so she can have a fixed place to sell her merchandise.
Yakelin aún sigue vendidendo ropa y accesorios de vestir en forma ambulante pues no tiene un puesto fijo; con esta actividad ella se mantiene y cubre sus necesidades y las de su hija.
El crédito que solicita es para aumento de capital para comprar más ropa y accesorios y continuar su negocio para poder aumentar sus ingresos.
El sueño de Yakelin es poder darle una mejor vida a su hija. Está en búsqueda de una tienda para alquilar y poder tener un lugar fijo de venta de su mercadería.
Previous Loan DetailsYakelin’s married and has a school age daughter. She lives in a rented, three-bedroom house located in the central part of La Paz. Yakelin works more than ten hours daily selling clothes and clothing accessories from place to place since she does not have a permanent stand and with the little s... More from Yakelin'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
- Jan 21, 2014
- Jan 27, 2014
- 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.