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Jorge

Update on Jorge

Jorge is separated and has three children.

Jorge lives in El Alto in a brick and cement house where he pays rent.

Jorge works as an employee in a business, and needs a loan to pay for an English course for one of his children.

Jorge is a dedicated father and does not receive help from any family member, and this is why he needs you to help him.
View original language description ↓
Jorge es separado y tiene tres hijos Jorge vive en El Alto en una casa de ladrillo y cemento donde paga un alquiler Jorge trabaja como empleado en una empresa y necesita un credito para pagar un curso de inglés para uno de sus hijos Jorge es un padre dedicado y no recibe ayuda de ningún familiar por eso necesita que ustedes le ayuden

Previous Loan Details

Jorge, is separated and has three children. He takes care of two of his children and depends on the help from their mother. His daughter lives with her ex partner. He lives in a rented house located in the Rio Seco neighborhood in the city of El Alto. He only studied up until high sch... More from Jorge'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
  • 180
    View loans »
    Bolivia Loans Fundraising
  • $30,844,600
    Funds lent in using Kiva
  • 6.9
    Bolivia Bolivianos (BOB) = $1 USD

Success!! The loan was 100% repaid

A loan of $450 helped Jorge to pay for an English course for one of his children.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 20, 2014
Listed
Jun 7, 2014
Currency Exchange Loss:
Possible
Ended:
Feb 17, 2015
This photo was used before for a previous loan for Jorge. It was first posted on Kiva on Feb, 2014. Learn More