Update on PabloPablo lives in a house in the Miraflores area in the city of La Paz. He is single, does not have any children, and works selling electronics. With this work, Pablo is able to support himself and cover all of his basic needs.
The loan that Pablo is currently asking for is to augment his working capital, so that he can stock his business with more merchandise. This way, he will not lose clients, and will also be able to improve his income. Pablo plans to buy electric irons, coffee makers, blenders, and other small appliances wholesale in order to decrease his costs.
Pablo's dream is to be able to have a store where he offers all of his products, as he currently sells these goods from his house.
El crédito que solicita es para aumentar su capital, poder surtir su mercadería y de esta manera no perder a sus clientes y además mejorar sus ingresos. Pablo comprará planchas eléctricas, cafeteras eléctricas, licuadoras, y otros al por mayor para disminuir sus costos.
El sueño de Pablo es poder tener una tienda donde ofrecer al por mayor sus productos ya que ahora los vende desde su casa.
Previous Loan DetailsPablo sells electronic devices in an independent manner. He does not have a fixed sales location. The loan he needs is to buy more devices in order to get more customers. This way he will improve his income in order to help his family. Pablo is single, and he has two children. He lives w... More from Pablo'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
- 14 months (Additional Information)
- Repayment Schedule
- May 27, 2013
- Jun 9, 2013
- Currency Exchange Loss:
- Jun 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.