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Cecilia

Update on Cecilia

Cecilia is a single mother with one son. She lives in El Alto in a brick house with her parents. She was only able to study until primary school. She makes and sells souvenirs for any social event like parties, birthdays, school celebrations, military school graduation, etc.

She does all her work by hand and needs a loan to buy material (paper, cloth, tape) to help improve her income. Cecilia is the only provider for her family, so she needs assistance.
View original language description ↓
Cecilia es soltera pero tiene un hijo ella vive en El Alto en una casa de ladrillo y cemento junto a sus padres, ella estudio solo hasta el nivel primario, se dedica a la elaboracion y comercialización de de recuerdos (colitas) para todo acontecimiento social (fiestas cumpleaños, eventos colegiales, graduaciones de servicio militar, etc.) el trabajo que elabora es manual Necesita crédito para comprar materiales (papel, telas, cintas) y asi poder mejorar sus ingresos, Cecilia es el unico sustento de su familia por eso necesita su ayuda

Previous Loan Details

Cecilia is single with one child. She lives with her relatives in the city of El Alto and has only been to primary school. She works making and selling presents for all types of social events (parties, birthdays, schools events, military service graduations, etc.) and all of the items she makes are… More from Cecilia'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.

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About Bolivia

  • $2,817
    Average annual income
  • 76
    View loans »
    Bolivia Loans Fundraising
  • $28,071,875
    Funds lent in using Kiva
  • 6.9
    Bolivia Bolivianos (BOB) = $1 USD
Paying Back

This loan has been fully funded!

A loan of $725 helped Cecilia to buy material such as paper, cloth and tape for her business.
57% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 12, 2014
Listed
Apr 29, 2014
Currency Exchange Loss:
Possible