Update on IrmaIrma is married and has one school age child. They live in her parents’ house, occupying four rooms. The house is located in the Tembladerani area of the city of La Paz.
She sells clothes for men, women, and children. She mostly sells by order. She does this to cover her family’s expenses for food, education, and basic services. She does not have other income.
That is why she is requesting the loan. She wants to increase the products she now sells by also selling cosmetics. She wants to do this to be able to cover the family expenses. She does not earn much, and she works in an itinerant manner for over 12 hours a day.
Irma’s dream is to have her own house because she wants to make her family more comfortable. She also wants her own house in order to have her own store so that she would not have to go to the streets to sell. It is very difficult work.
This is the fifth time she has worked with IMPRO and Kiva.
Irma es casada y tiene un hijo el cual esta en etapa escolar, viven en casa de sus padres ocupando cuatro habitaciones, la casa esta ubicada en la zona Tembladerani de la ciudad de La Paz.
La señora se dedica a la venta de ropa de varones mujeres y niños más que todo a pedido ya que debe cubrir los gastos de alimentación, estudios y servicios básicos de su familia debido a que no tiene otros ingresos. Es por eso que solicita el crédito por que desea incrementar sus productos ahora con la venta de cosméticos para poder cubrir los gastos familiares, ya que no gana mucho y trabaja de forma ambulante por más de doce horas.
El sueño de Irma, es tener casa propia ya que desea dar más comodidad a su familia y también para tener su propia tienda para ya no salir a las calles ya que es muy sacrificado.
Es la quinta vez que trabaja junto a IMPRO y KIVA.
Previous Loan DetailsSra. Irma is a retail merchant who sells clothes. The loan she is requesting will be used to buy merchandise, such as sweaters, so that she will have a variety of merchandise to satisfy her customers. She will also take advantage of the year-end festivities since this is the time when her sales... More from Irma'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
- 14 months (Additional Information)
- Repayment Schedule
- May 29, 2012
- Jun 11, 2012
- Currency Exchange Loss:
- Jul 11, 2012
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.