Update on PatriciaPatricia lives in one room of her parents’ house. She works as a dentist in an office at her house. The house is in the Pasankeri area of the city of La Paz.
Patricia works in her dental office for over eight hours a day because this is her only source of income. She also helps pay her parents’ expenses for basic services.
She needs the loan to buy work tools (new drill, dental forceps, and filters) for her office. The ones she has are a little damaged. Patricia’s dream is to make her office grow, to improve her income, and to improve her quality of life.
This is her second time with IMPRO and the second time she has requested a loan to be channeled through Kiva. She is very happy with the loan that we are giving her because it will help a lot.
Patricia trabaja en su consultorio de odontología por más de ocho horas al día ya que es su única fuente de ingreso económico y además ayuda a pagar los gastos de servicios básicos a sus padres.
El crédito lo requiere para comprar herramientas de trabajo (nuevo taladro y pinzas y filtros) para su consultorio ya que los anteriores se encuentran un poco deteriorados.
El sueño de patricia es hacer crecer su consultorio, mejorar sus ingresos y mejorar la calidad de vida.
Es la segunda vez con IMPRO y la segunda vez que solicita que el crédito sea canalizado a través de KIVA, y está muy satisfecha con el crédito que le otorgamos porque le ayudará mucho.
Previous Loan DetailsPatricia is a dentist, and she has her own office in her parents’ house. The loan that she needs is to pay for specializing in orthodontics. With the specialization she will later get more income to help her family. Patricia is single and does not have children. She lives in her parents’ ... 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.
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Success!! The loan was 100% repaid