Update on IsraelIsrael is single and has no children. He lives at his parents’ house in the city of La Paz.
Israel currently works for the Ministry of Meteorology where he earns a minimal salary. The loan he is requesting will be used to pay for a Masters-level course so that he can achieve a better position and earn a higher salary at the place he works. At the moment, he barely earns enough to live.
Actualmente trabaja en el Ministerio de Metereologia donde percibe un sueldo mínimo, el credito que solicita es para pagar una maestría y de esta manera poder obtener mejor nivel y percibir un sueldo mayor donde trabaja, lo que gana actualmente apenas le alcanza para vivir
Previous Loan DetailsIsrael works as a meteorologist for a private entity. He earns a minimum salary, which he uses to support his parents. He needs the loan to repair his room in his parents’ house. He is single and does not have children. He lives in his parents’ house in the Alto Tembladerani area in the c... More from Israel'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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Success!! The loan was 100% repaid
- Repayment Term
- 14 months (Additional Information)
- Repayment Schedule
- Aug 29, 2013
- Sep 8, 2013
- Currency Exchange Loss:
- Sep 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.