Update on PatriciaPatricia is single and has two children who are school age. She lives in her parents’ house occupying two bedrooms. The house is located in the city of La Paz’s Sopocachi zone.
She currently earns income working as an attorney for more than 8 hours daily doing all sorts of transactions because she must cover her family’s education, food and basic utility costs. She needs the loan to refurbish her bedrooms because the walls are very deteriorated and she wants to improve her quality of life.
Patricia’s dream is to improve her income and to acquire a house under the ‘anticrético’ modality [transaction whereby a property owner requests a "loan" from you in exchange for housing, which must be paid back to you at the end of your contract. If your loan is not repaid, the property owner could lose the property to you] to provide more comfort for her family. This is her fourth loan with IMPRO and second with KIVA.
Actualmente percibe ingresos ya que trabaja como abogada por más de ocho horas al día realizando todo tipo de trámites, ya que debe cubrir los gastos de educación, alimentación y pago de servicios básicos de su familia.
El crédito lo requiere para la refacción de sus habitaciones ya que las paredes se encuentran muy deterioradas y desea mejorar su calidad de vida.
El sueño de Patricia, es mejorar sus ingresos y adquirir una casa en anticretico para dar más comodidad a su familia.
Es la cuarta vez que solicita crédito junto a IMPRO y la segunda vez con KIVA.
Previous Loan DetailsPatricia works as an independent lawyer. She is a single mother, and she lives with her two children in her parents’ house in the Sopocachi area of the city of La Paz. She needs the loan to pay school tuition for her children as classes start in February. This is the third time she has wor... More from Patricia'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.
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.
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Success!! The loan was 100% repaid
- Repayment Term
- 12 months (Additional Information)
- Repayment Schedule
- Sep 11, 2012
- Oct 8, 2012
- Currency Exchange Loss:
- Aug 17, 2013
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.