Update on CintyaCintya is single and is waiting for the arrival of her baby. She lives at her parents’ house which consists of only one room. The house is located in the District of Chamaco Chico in the city of La Paz.
Cintya currently generates income by selling household goods from a grocery store where she works more than 12 hours a day. Through her work, she is able to pay for food, education, and basic services for her family. The store is operating well, but now she is running a little low on products. The loan she is requesting will be used to buy merchandise for her store such as rice, sugar, and noodles in bulk. She wants to maintain a level of income that will allow her to become independent and provide more comforts for her son so that they both can have a better quality of life.
Cintya dreams of expanding her store, keeping it well-stocked, and eventually converting it into a small supermarket. This is the third time she has worked with IMPRO and Kiva.
Actualmente percibe ingresos ya que se dedica a la venta de insumos para la canasta familiar ya que cuenta con una tienda de abarrotes trabajando por más de doce horas al día y con lo que gana debe cubrir los gastos de alimentación, educación y pago de servicios básicos de su familia. La tienda está funcionando bien, pero ahora está un poco baja en productos.
El crédito lo requiere para la compra de mercadería para su tienda, como ser arroz, azúcar, fideos al por mayor ya que desea continuar el nivel de sus ingresos para posteriormente independizarse y darle más comodidad a su futuro hijo ya que desea mejorar su calidad de vida.
El sueño de Cintya es ampliar su tienda, tenerla bien surtida y eventualmente convertirla en un pequeño supermercado.
Es la tercera vez que trabaja junto a IMPRO y la tercera vez con KIVA.
Previous Loan DetailsCintya has a grocery store. She needs the loan to buy oil, sugar and noodles to be able to offer a variety of products to her clientele. Cintya is single and has no children. She lives in her grandparents’ house located in the city of La Paz’s Pasankeri zone. This is the first time she’s wo... More from Cintya'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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