Update on DorisDoris is divorced, and she has two school age children. They live in an ‘anticrético’ [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] house. They occupy three rooms of the house, which is in the Chacaltaya area of the city of La Paz.
She currently works for a private insurance company. She also works as a cosmetic sales promoter for over ten hours a day. She does this because she needs to cover the expenses for education, food, and basic services.
The loan that she needs is for the university costs for an insurance course, which is a work requirement. She does not have enough to pay for this with what she earns.
Her dream is to improve her income in order to be able to pay for her children’s university studies. She does not have other income.
This is the third time she has worked with IMPRO and the second time with Kiva.
Actualmente trabaja como empleada en una empresa privada de seguros y también como promotora de cosméticos por más de diez hora al día ya que debe cubrir los gastos de educación, alimentación y pago de servicios básicos.
El crédito lo requiere para pagar los trámites de la universidad para un curso sobre seguros, ya que es requisito en su trabajo y no le alcanza con lo que gana.
El sueño de Doris es mejorar sus ingresos para poder pagar los estudios universitarios de sus hijos ya que no tiene más ingresos.
Es la tercera vez que trabaja junto a IMPRO y la segunda vez con KIVA.
Previous Loan DetailsDoris works as an employee for a private business that sells life insurance. The loan that she is requesting is for the purchase of school supplies for her children, as the school year has begun and this is an extra cost for which she doesn't have any money saved as her income is not very high... More from Doris's previous loan »
More information about this loan
IMPRO has been offering education loans through Kiva since June of 2011 to cover partial or complete expenses related to secondary and higher education. The Bolivian government offers little support for higher education lending in the country, and universities cannot provide enough funding (either in grant or loan form) to satisfy student demand. By supporting this loan, you're enabling access to education for students with limited options.
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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