Update on PatriciaPatricia lives with her children in the city of La Paz.
Patricia has a law degree. Patricia has a problem with a wall in her kitchen that is connected to the patio because the rain and humidity have caused it to crack and deteriorate. She wants this loan to be able to repair this wall, and in this way, give her children an inviting home.
Patricia's dream is to be able to gather enough money to rent her own law office and have better income to improve her family's quality of life.
Patricia es Licenciada en derecho. Patricia tiene un problema con una pared de su cocina, sucede que la pared comunica con el patio y tiene rajaduras, a eso se suma el hecho de que las lluvias estan causando deterioros por la humedad, entonces Patricia quiere un prestamo para arreglar la pared de su cocina para que sus hijos tengan un hogar acogedor.
El sueño de Patricia es poder reunir el suficiente dinero para adquirir su propio Estudio Jurídico y tener mejores ingresos para mejorar la calidad de vida de su Familia.
Previous Loan DetailsPatricia lives with her children in the city of La Paz. Patricia has a degree in law. She needs this loan in order to do up one of the rooms in her home so that she can offer her children a welcoming home. The children are now growing up and need their own space. Patricia's dream is to b... More from Patricia'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.
About Housing Loans
Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.
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This loan has been fully funded!
- Repayment Term
- 14 months (Additional Information)
- Repayment Schedule
- Jul 19, 2014
- Jul 30, 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.