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Marina

Update on Marina

Marina is a widow and has a son. She lives in La Paz in an adobe house she owns which has basic services. The problem is that the house is on a hill and in the back there isn't a retaining wall and water leaks. Marina is a pensioner and she needs a loan to build a retaining wall so that nothing bad will happen to the house. She is the only one with an income in her household so she needs help.
View original language description ↓
Marina es viuda, tiene un hijo Ella vive en La Paz en una casa de adobe que es de su propiedad pero tiene todos los servicios basicos, lo malo es que la vivienda esta sobre un monticulo de tierra, en la parte posterior no hay muro de contención y el lugar presenta filtraciones de agua Marina es rentista y necesita credito para construir un muro de contención para que nada malo le pase a la casa Ella es la unica fuente de ingresos en su hogar por lo que necesita su ayuda

Previous Loan Details

Marina is a widow and has two children who no longer live with her since they are now independent. She lives in her own house located in the city of La Paz’s San Pedro zone. She is a retired teacher who currently earns her pension and in her free time knits sweaters to then sell in order to e... More from Marina'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
  • 77
    View loans »
    Bolivia Loans Fundraising
  • $28,685,150
    Funds lent in using Kiva
  • 6.9
    Bolivia Bolivianos (BOB) = $1 USD
Paying Back

This loan has been fully funded!

A loan of $1,175 helped Marina to build a retaining wall.
40% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 24, 2014
Listed
Mar 31, 2014
Currency Exchange Loss:
Possible
This photo was used before for a previous loan for Marina. It was first posted on Kiva on Aug, 2012. Learn More