Check out some available loans that are similar to this one!
Elva

Update on Elva

Elva is married and does not have children. She lives in El Alto in an adobe house that is her own property and only has a sewage system. She does handicraft work but is also getting into the used toy market. Elva needs a loan in order to purchase toys for her new work. She says that this business has a promising future, and therefore, she needs your help.
View original language description ↓
Elva esta casada y no tiene hijos Ella vive en El Alto en una casa de adobe que es de su propiedad y solo tiene alcantarillado Elva se dedica a la artesania pero tambien esta incursionando en el mercado de juguetes baratos Elva necesita un credito para comprar juguetes para su nueva actividad Dice que este negocio tiene mucha proyección a futuro por lo que necesita su ayuda

Previous Loan Details

Elva is married but doesn’t have any children. She lives in a home of her own, located in the Rio Seco area of the city of El Alto. She has an elementary school education, has a raffle business (Suerte sin Blanca), and sells in schools, variety stores, fairs, and other locations. Her busin... More from Elva'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

  • $5,500
    Average annual income
  • 228
    View loans »
    Bolivia Loans Fundraising
  • $31,576,425
    Funds lent in using Kiva
  • 6.9
    Bolivia Bolivianos (BOB) = $1 USD
Paying Back

This loan has been fully funded!

A loan of $800 helped Elva to purchase toys for her new work.
40% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 25, 2014
Listed
Aug 4, 2014
Currency Exchange Loss:
Possible