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Mario

Update on Mario

Mario is married and has two children. He has his own home in La Paz. He has a business selling spare tires and car parts. He is the only source of support for his family, and pays all kinds of household expenses, from education to his children’s health. Mario is requesting this loan to buy parts, accessories and spare tires for his business. In the future, Mario would like to build a larger warehouse to secure his business and improve his income.
View original language description ↓
Mario es casado, tiene dos hijos, tiene casa propia en La Paz, él se dedica al comercio de llantas y articulos de mecanica, Mario es la unica fuente de sustento para su familia y debe pagar toda clase de gastos como educacion y salud de sus hijos. Mario necesita un credito para incrementar el numero de partes, piezas y accesorios de su negocio de repuestos para vehiculo. Mario desea a futuro construir un deposito mas grande para estar mas comodo y tener mejoras en sus ingresos

Previous Loan Details

Mario is married and has two children who attend school. They live in their own two-bedroomed house located in the Alto San Pedro area of La Paz. Currently Mario works more than eight hours a day selling tires and mechanical accessories. This is his only source of income with which to support ... More from Mario'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

  • $2,817
    Average annual income
  • 136
    View loans »
    Bolivia Loans Fundraising
  • $30,349,900
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
Paying Back

This loan has been fully funded!

A loan of $500 helped Mario to buy parts, accessories and spare tires for his business.
56% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 17, 2014
Listed
Feb 21, 2014
Currency Exchange Loss:
N/A
This photo was used before for a previous loan for Mario. It was first posted on Kiva on Nov, 2013. Learn More