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Ninfa

Update on Ninfa

Ninfa is married, and she has one child. She lives in La Paz, in a house made of brick and cement that she owns.

Ninfa continues working as a seamstress; and on this occasion she needs a loan to purchase fabric in order to make sheets, which will help her to increase her income. Currently, Ninfa is her household’s sole source of income, and this is why she needs your help.
View original language description ↓
Ninfa esta casada tiene un hijjo y vive en La Paz en una casa de ladrillo y cemento que es de su propiedad Ninfa sigue dedicandose a la costura y en esta ocasion ella necesita un credito para comprar tela para hacer unas sábanas que le ayudarán a elevar sus ingresos Por el momento Ninfa es la unica fuente de ingresos en su hogar por lo que necesita su ayuda

Previous Loan Details

Ninfa is a seamstress, and she makes sets of bed sheets. She lives in her own house with wood flooring. Her home is located in the Irpavi area of La Paz. Ninfa makes sets of bed sheets from which she earns income to cover her food, electricity, water. She needs the loan to buy raw materials suc... More from Ninfa'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 Bolivia

  • $5,500
    Average annual income
  • 196
    View loans »
    Bolivia Loans Fundraising
  • $31,028,500
    Funds lent in using Kiva
  • 6.9
    Bolivia Bolivianos (BOB) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,025 helped Ninfa to purchase fabric in order to make sheets.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 19, 2014
Listed
Jun 9, 2014
Currency Exchange Loss:
Possible
Ended:
Dec 17, 2014