Update on TeodoraTeodora is separated and has four children. She lives in her own house in El Alto. She completed her Primary school studies. She works selling food at different markets. She needs the loan to buy flour, cheeses, and a supply of gas to prepare llauches (which is a type of empanada made principally in La Paz and well-liked) in large quantity to improve her income. Teodora is the only source of income in her house and she doesn't want her children to work. She prefers them to study so she needs your help.
Ella estudio solo hasta el nivel primario. Sobrevive dedicandose a vender comida en diferentes ferias
El crédito lo requiere para comprar harina, queso y abastecerse de gas para preparar llauchas (llaucha es una empanada que se hace principalmente en La Paz y tiene gran aceptación) en mayor cantidad para mejorar sus ingresos. Teodora es la unicaf fuente de ingresos en su hogar y no quiere que sus hijos trabajen, prefiere que se dediquen al colegio, por eso necesita su ayuda
Previous Loan DetailsTeodora is separated, has four children, and has her own house in the city of El Alto. She only studied up to primary school level. She survives by selling food at different fairs. She requires a loan in order to install basic utilities at home because she doesn't have them now. Her dream is to… More from Teodora'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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This loan has been fully funded!
- Repayment Term
- 17 months (Additional Information)
- Repayment Schedule
- Aug 11, 2014
- Aug 19, 2014
- Currency Exchange Loss:
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.