Update on YolaYola’s married and has three children two of which are school age and one who is independent already. They live in her mother-in-law’s house occupying two bedrooms. The house is located in the city of La Paz’s 14 de Septiembre zone.
She’s currently employed as a lawyer in a public firm working more than 8 hours daily. She must cover food, education and basic utility costs for her family with her salary.
She needs the loan to buy a computer that will be of great help for her work and also for her children’s school work.
Yola’s dream is to improve her income so that she can get a house in the ‘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] to provide more comfort for her children.
This is her second Impro loan request and second with Kiva too.
Actualmente trabaja por más de ocho horas al día en una empresa pública como abogada y con lo que gana debe aportar en los pagos de alimentación, educación y pago de servicios básicos de su familia.
El crédito lo requiere para la compra de una computadora ya que le será de mucha ayuda en su trabajo y también en los estudios a sus hijos.
El sueño de Yola es mejorar sus ingresos para adquirir una casa en anticrético para dar más comodidad a sus hijos.
Es la segunda vez que solicita crédito junto a IMPRO y la segunda vez con KIVA.
Previous Loan DetailsSra. Yola is employed in the public sector as an attorney. The loan she is requesting will be used to pay for an upper-level course in civil law. Yola lives at the house of her parents in the September 14th District of the city of La Paz. She is married and has two children. This is the fi... More from Yola'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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Success!! The loan was 100% repaid
- Repayment Term
- 15 months (Additional Information)
- Repayment Schedule
- Sep 29, 2012
- Oct 16, 2012
- Currency Exchange Loss:
- Nov 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.