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Efrain

Update on Efrain

Efrain 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.
View original language description ↓
Efrain es soltero y no tiene hijos Vive en El Alto en una casa de adobe se dedica a la costura de prendas de vestir (chamarras y sacos), principalmente de tela y fibra.

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 Details

Efrain 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 »

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

  • $2,817
    Average annual income
  • 99
    View loans »
    Bolivia Loans Fundraising
  • $28,223,400
    Funds lent in using Kiva
  • 6.9
    Bolivia Bolivianos (BOB) = $1 USD
Paying Back

This loan has been fully funded!

A loan of $300 helped Efrain pay for a course that will help him improve the quality of his work.
57% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 8, 2014
Listed
Jul 18, 2014
Currency Exchange Loss:
Possible
This photo was used before for a previous loan for Efrain. It was first posted on Kiva on Mar, 2014. Learn More