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Marco Antonio

Update on Marco Antonio

Marco Antonio lives in his parents house in the Villa Cooperativa area of the city of El Alto. Marco Antonio works as an assistant in a garage and at night studies automobile mechanics at an institute in the city of El Alto. Marco Antonio needs a loan to pay for the training he is taking. Marco Antonio's dream is to work in his profession and have his own repair shop and thus improve his quality of living.
View original language description ↓
Marco Antonio vive en la casa de sus Padres en la zona Villa Cooperativa de la ciudad de El Alto. Marco Antonio trabaja como ayudante de un taller mecánico, por las noches estudia mecánica automotriz en un instituto de la ciudad de el alto.
Marco Antonio necesita el crédito para cancelar una capacitación que esta cursando.

El sueño de Marco Antonio es ejercer una profesión y tener un taller mecánico propio y así mejorar su calidad de vida.

Previous Loan Details

Marco Antonio lives in his parents’ house in the Villa Cooperativa area of the city of El Alto. Marco Antonio works as an assistant in a mechanic’s shop. In the evenings, he studies automotive mechanics at an institute in the city of El Alto. Marco Antonio needs the loan to buy a laptop. This… More from Marco Antonio'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.

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About Bolivia

  • $2,817
    Average annual income
  • 112
    View loans »
    Bolivia Loans Fundraising
  • $28,250,825
    Funds lent in using Kiva
  • 6.9
    Bolivia Bolivianos (BOB) = $1 USD
Paying Back

This loan has been fully funded!

A loan of $1,175 helped Marco Antonio to pay for training he is taking.
21% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 14, 2014
Listed
Aug 3, 2014
Currency Exchange Loss:
Possible
This photo was used before for a previous loan for Marco Antonio. It was first posted on Kiva on Dec, 2013. Learn More