Update on EfrainEfrain is single and doesn't have children. He lives in El Alto in an adobe house. He makes a living sewing clothing (jackets and coats), mainly out of fabric and fiber.
He lives in the house of his parents, located in El Alto. He needs a loan to pay for a course that will help him improve the quality of his work, in other words, he wants to do a refresher course. Efrain is the only one who economically contributes in his home.
Vive en casa de sus padres, ubicada en El Alto Necesita credito para cancelar un curso que le ayudara a mejorar la calidad de su trabajo, en otras palabras, quiere hacer un curso de actualización puesto que Efrain es el unico que aporta economicamente en su hogar
Previous Loan DetailsEfrain makes clothing (jackets and coats), mainly from fabric and fibers. He lives with his parents in El Alto. He needs this loan to buy fabric and thread for his business. Efrain’s dream is to finish school and start his own business so he can provide better quality service. More from Efrain'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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Success!! The loan was 100% repaid
- Repayment Term
- 12 months (Additional Information)
- Repayment Schedule
- Jul 8, 2014
- Jul 18, 2014
- Currency Exchange Loss:
- Jun 17, 2015
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.