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Abad

Update on Abad

Abad lives with his parents and siblings in the Caja Ferroviaria district of the city of La Paz. He works as a loan officer in a financial institution. Abad is seeking this loan to pay for his higher education costs. Abad's dream is to finish his professional studies and start a family.
View original language description ↓
Abad vive en compañia de sus padres y hermanos en la zona de Caja Ferroviaria de la ciudad de La Paz. Trabaja como oficial de creditos en una institucion financiera, Abad nos solicito el crédito para efectuar pago de sus estudios superiores.

El sueño de Abad es culminar con sus estudios profesionales y formar una familia,

Previous Loan Details

Abad is single and has no children. He lives in a small room in his parent's house. The house is located in the Cuidadela Ferroviaria neighborhood of the city of La Paz. Abad currently earns income because he works more than 8 hours a day as an employee in a private firm. He does this so th... More from Abad'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.

Tags

About Bolivia

  • $5,500
    Average annual income
  • 186
    View loans »
    Bolivia Loans Fundraising
  • $31,008,200
    Funds lent in using Kiva
  • 6.9
    Bolivia Bolivianos (BOB) = $1 USD
Paying Back

This loan has been fully funded!

A loan of $1,325 helped Abad continue to pay for his university education.
66% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 25, 2014
Listed
Feb 21, 2014
Currency Exchange Loss:
Possible
This photo was used before for a previous loan for Abad. It was first posted on Kiva on Aug, 2012. Learn More