Update on JanethJaneth works as a teacher in an elementary school. She has a diploma in education. She lives in her own home, occupying two rooms built from brick with a cement floor in the Las Muñecas area in the city of La Paz.
Janeth works eight hours a day to cover the costs of food, light, water, the education of her four children, and other expenses. She needs the loan to remodel her bathroom. She will buy construction materials like cement, plaster, and paint. Janeth's dream is for her children to finish their higher education. This is her second loan with IMPRO and her second from Kiva.
Janeth trabaja 8 horas al día, para cubrir sus gastos de alimentación, luz, agua, educación de sus cuatro hijos y otros.
El crédito lo requiere para la refacción de su baño; comprará material de construcción como ser cemento, estuco, pintura.
El sueño de Janeth es que sus hijos terminen sus estudios superiores.
Es la segunda vez con IMPRO y la segunda con Kiva.
Previous Loan DetailsJaneth works as a domestic employee, and her husband is a carpenter who works with aluminum. She needs the loan for the cost of moving dirt and starting to build a room in her house. It is also to buy sand, bricks, and cement. She lives in her own house in the Las Lomas zone in the city of... More from Janeth'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
- 20 months (Additional Information)
- Repayment Schedule
- Apr 16, 2013
- Apr 18, 2013
- Currency Exchange Loss:
- Nov 17, 2014
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.