Update on HenrryHenrry works as an employee for a private company in the city of La Paz. He also has a taxi from which he receives a daily income for sustaining his family.
The loan he is requesting will be used for vehicle repairs and to buy tires, a battery, and other parts since this vehicle is his work tool. Henrry is single, has no children, and lives in the city of La Paz.
El crédito lo requiere para reparación de vehiculo, compra de llantas, batería y otros el cual es su herramienta de trabajo.
El es soltero, no tiene hijos y vive en la ciudad de La Paz.
Previous Loan DetailsHenrry works as an employee for a private business in the city of La Paz. He also has a taxi from which he receive incomes on a daily basis to support his family. He is requesting the loan for the purchase of parts and maintenance for his vehicle, which is his tool for working. He is singl... More from Henrry'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!