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Ramiro

Update on Ramiro

Ramiro is a single man with no children. He lives in El Alto with his parents in a brick and cement house. Ramiro earns a living in public transport. He is asking for a loan for the maintenance of his vehicle. Ramiro is the only source of income in his home and, for this reason, needs assistance.
View original language description ↓
Ramiro es soltero, no tiene hijos, vive en El Alto con sus padres en una casa de ladrillo y cemento. Ramiro se dedica al transporte publico Ramiro pide un prestamo para hacer mantenimiento de movilidad Ramiro es la unica fuente de ingresos en su hogar por eso necesita su ayuda

Previous Loan Details

Ramiro is single, has no children, and lives in El Alto with his parents in a house made of brick. Ramiro operates a taxi and is requesting the loan to do maintenance on his vehicle. Ramiro is the sole source of income for his household, and that he is why he needs your help. More from Ramiro'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.

Tags

About Bolivia

  • $2,817
    Average annual income
  • 74
    View loans »
    Bolivia Loans Fundraising
  • $28,619,700
    Funds lent in using Kiva
  • 6.9
    Bolivia Bolivianos (BOB) = $1 USD
Paying Back

This loan has been fully funded!

A loan of $450 helped Ramiro to maintain his vehicle.
55% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 24, 2014
Listed
Aug 3, 2014
Currency Exchange Loss:
Possible