Update on ReneRené is married and has two school-aged children. The family lives in a house that they own. It has two rooms, walls made of brick, and a floor that is just earth. The house is in the Alto San Pedro area of La Paz city.
René is currently employed at a private business where he works eight hours per day. This is one income that the family has to pay for the children's education, food and other costs. René also has a small grocery store.
René needs this loan in order to increase merchandise in his shop and buy products in bulk. With this loan he can increase his income.
René's dream is to build a house so that his family may live more comfortably, and to improve their quality of life.
Actualmente trabaja como empleado en una empresa privada realizando todo tipo de tramites trabajando por más de ocho horas al día ya que es el único que cubre los gastos de educación, alimentación y pago de servicios básicos de su familia, también cuenta con una tienda de barrio.
El crédito lo requiere para aumentar su mercadería de la tienda ya que desea comprar productos por cantidad y de esta forma mejorar sus ingresos.
El sueño de René es construir su casa para dar más comodidad a su familia y mejorar su calidad de vida.
Previous Loan DetailsRené is married and has two school age children. They live in their own house, occupying two rooms with brick walls and a dirt floor. The house is located in the Alto San Pedro zone of the city of La Paz. He currently works as an employee of a private company. He does all types of transacti... More from Rene'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.
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- Repayment Term
- 27 months (Additional Information)
- Repayment Schedule
- Jul 25, 2014
- Aug 7, 2014
- Currency Exchange Loss:
- Sep 6, 2014
Photo from previous loan
Kiva allows our Field Partners to re-use the same photo for individual borrowers that have been posted on Kiva's website once before in a 24 month period, and we allow them to re-use group photos for up to 24 months, provided that 80% of the current group's membership is represented.
Taking, collecting, and uploading photos of borrowers is one of the most challenging elements of using Kiva for our Field Partners. In order to make Kiva easier for Field Partners to use, we have allowed them to post successive and concurrent loans without taking a new photo of the borrower if the criteria above are met.