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Faustino

Update on Faustino

Faustino is a widower who lives in his own house in the city of El Alto. He has no children in his care because they're all adults. Faustino finished elementary school. Currently he earns a monthly retirement income.

He needs the loan to pay to repair the ceiling of his house because it leaks.

Faustino's dream is to leave his children a place where they can live successfully.
View original language description ↓
Faustino es viudo, no tiene hijos que esten a su cargo ya que ellos ya son independientes; vive en casa propia en la ciudad de El Alto.

El Nivel de educación de Faustino es primario, actualmente percibe una renta de jubilación que le otorgan mensualmente.

El crédito lo requiere para pagar la refaccion del tumbado de su vivienda que tiene filtraciones

El sueño de Faustino es dejar a sus hijos un lugar donde puedan vivie satisfactoriamente.

Previous Loan Details

Faustino is a widower. He doesn’t have children he is responsible for, because they are already grown-up. He lives in his own home in the Villa Marcelina zone of the city of El Alto. Faustino’s education is at the primary level. Currently he receives a retirement stipend that is paid monthly. ... More from Faustino'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.

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.

Tags

About Bolivia

  • $2,817
    Average annual income
  • 112
    View loans »
    Bolivia Loans Fundraising
  • $29,636,400
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
Paying Back

This loan has been fully funded!

A loan of $600 helped Faustino to repair the ceiling of his house.
63% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 28, 2014
Listed
Aug 7, 2014
Currency Exchange Loss:
N/A
This photo was used before for a previous loan for Faustino. It was first posted on Kiva on Oct, 2013. Learn More