Update on CarlosCarlos is married and has two children who attend college. They live in a rental house located in La Paz. In the present, he is working over eight hours a day as an employee for a private company. He has to cover food and educational expenses, rent, and he has to pay for the basic services for his family.
He needs the loan to maintain and repair his house. Carlos is the only one supporting the family.
Carlos’s dream is to have his own house because he wants to offer a more comfortable and safe life to his family. He wants them to have some stability because it will be difficult to have to move.
Actualmente trabaja por mas de ocho horas al día como empleado en una empresa privada,ya que debe cubrir los gastos de alimentación, educación, alquiler y pago de servicios básicos de su familia.
El crédito lo necesita para mantenimiento y arreglos de su vivivenda Carlos es el único que solventa a toda su familia.
El sueño de Carlos es tener casa propia ya que desea brindar mas comodidad y seguridad a su familia, mas que todo darles estabilidad ya que le resulta muy difícil el tener que trasladarse.
Previous Loan DetailsCarlos is married with two children who are in university. He lives in a rented home located in the Irpavi zone of the city of La Paz. He currently works more than eight hours per day as an employee in a private company. He has to cover the food, education, rent, and basic service costs of his fa... More from Carlos's previous loan »
About IMPROIMPRO 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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This loan has been fully funded!
- Repayment Term
- 26 months (Additional Information)
- Repayment Schedule
- Jun 26, 2014
- Jul 15, 2014
- Currency Exchange Loss:
Photo from previous loan
Kiva allows our Field Partners to re-use the same photo for individual borrowers that have been posted on Kiva's website once before in a 24 month period, and we allow them to re-use group photos for up to 24 months, provided that 80% of the current group's membership is represented.
Taking, collecting, and uploading photos of borrowers is one of the most challenging elements of using Kiva for our Field Partners. In order to make Kiva easier for Field Partners to use, we have allowed them to post successive and concurrent loans without taking a new photo of the borrower if the criteria above are met.