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Update on Fermin

Fermin is divorced and he has three children who are all independent. He lives in his family home, occupying two small rooms. His house is located in La Paz. Currently he works as a driver, sometimes until very late at night because with the little that he earns he can just cover his food expenses and payments for basic services. Fermin needs a loan to maintain his vehicle because it his only source of income.
View original language description ↓
Fermin es divorciado y tiene tres hijos los cuales ya son todos independientes, vive en casa familiar ocupando dos habitaciones pequeñas, la casa se encuentra ubicada en La Paz.
Actualmente trabaja como chófer y a veces hasta muy altas horas de la noche ya que con lo poco que gana debe cubrir los gastos de alimentación y pago de servicios básicos.
Fermin necesita crédito para mantenimiento de su vehículo ya que es su única fuente de ingresos.

Previous Loan Details

Fermín is divorced and has three adult children. He lives in two small rooms in the family house in La Paz. Currently he works as a driver and sometimes until very late at night. With what little he earns he has to cover expenses for food and pay for basic services. Fermín needs a loan to... More from Fermin's previous loan »

Additional Information


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
  • 138
    View loans »
    Bolivia Loans Fundraising
  • $33,310,825
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $400 helped Fermin to maintain his vehicle.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Jul 9, 2014
Jul 18, 2014
Currency Exchange Loss:
Aug 17, 2015
This photo was used before for a previous loan for Fermin. It was first posted on Kiva on Aug, 2013. Learn More