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Sofia

Update on Sofia

Sofia lives in her own home. It is a brick home made of quality materials with a cement floor and is located in the Llojeta zone of the city of La Paz. She is a housewife and her husband works as a driver. Sofia needs a loan for the purchase of construction materials. She will purchase cement, stucco and other items. This will improve her quality of life.
Sofia's dream is to finish building her home.
View original language description ↓
Sofia vive en casa propia en un acabado de ladrillo y piso de cemento en la zona de Llojeta de la ciudad de La Paz. El oficio que desempeña es de ama de casa y su esposo trabaja como chofer. Sofia necesita el crédito para la compra de material de construccion, comprara cemento, escuco y otros y de esta manera mejorar sucalidad de vida.
El sueño Sofia es terminar de construir su casa.

Previous Loan Details

Sofía is married and has four children. They live in their own house, occupying three rooms with brick walls and earth floor. The house is located in the Alto Llojeta area of the city of La Paz. Currently, she earns income as her husband has works as an owner/driver for more than eight hours a… More from Sofia's previous loan »

Additional Information

About IMPRO

IMPRO 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.

Tags

About Bolivia

  • $2,817
    Average annual income
  • 79
    View loans »
    Bolivia Loans Fundraising
  • $28,120,450
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
Paying Back

This loan has been fully funded!

A loan of $1,200 helped Sofia to repair her home.
57% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 7, 2014
Listed
Feb 13, 2014
Currency Exchange Loss:
N/A
This photo was used before for a previous loan for Sofia. It was first posted on Kiva on Sep, 2012. Learn More