Update on MargaritaMargarita is married and has three children. Of those, two are already independent and only one lives with her and is school-aged. They live in their own three-bedroom house located in the Tacagua area of the city of La Paz. Currently, she earns an income by selling fruit. She works for more than eight hours per day in the street since she does not have a permanent stand. She also earns an income since her husband works as a mason. They both contribute towards food, education and the payment of basic services for their family. She's requesting a loan to purchase construction materials in order to finish a room in the house, since they would like to be more comfortable and improve their quality of life. With a previous loan, also granted through Kiva, she was able to improve her living conditions and now she can improve them even more. Margarita's dream is to increase her working capital and improve her income.
Actualmente percibe ingresos ya que se dedica a la venta de fruta trabajando por más de ocho horas al día en la calle ya que no cuenta con un puesto de venta fijo, también percibe ingresos ya que su esposo trabaja como albañil y los dos aportan para la alimentación, educación y pago de servicios básicos de su familia.
El crédito lo solicita para la compra de materiales de construcción para terminar una habitacion en su casa ya que desean tener más comodidad y mejorar su calidad de vida. Con un préstamo anterior concedido también a través de Kiva, pudo mejorar sus condiciones de vida y ahora puede incluso mejorarla más.
El sueño de Margarita es aumentar su capital de operaciones y mejorar sus ingresos.
Previous Loan DetailsMargarita’s married and has three children two of which are already independent; only one still lives with her and is school age. They live in her own three-room house located in the city of La Paz’s Tacagua zone. She earns income at present working as a street fruit vendor for more than 8 ho... More from Margarita'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!