Update on PatriciaPatricia lives with her children in the city of La Paz.
Patricia has a degree in law. She needs this loan in order to do up one of the rooms in her home so that she can offer her children a welcoming home. The children are now growing up and need their own space.
Patricia's dream is to be able to save up enough money in order to have her own legal firm and earn a higher income. With this she would be able to improve her family's quality of life.
Patricia es Licenciada en derecho. Patricia necesita el crédito para poder refaccionar un ambiente dentro de su domicilio y de esta forma brindar a sus hijos un hogar acogedor ya que los mismos a medida que van creciendo necesitan su propio espacio.
El sueño de Patricia es poder reunir el suficiente dinero para adquirir su propio Estudio Jurídico y tener mejores ingresos para mejorar la calidad de vida de su Familia.
Previous Loan DetailsPatricia is single and has two children who are school age. She lives in her parents’ house occupying two bedrooms. The house is located in the city of La Paz’s Sopocachi zone. She currently earns income working as an attorney for more than 8 hours daily doing all sorts of transactions because... 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.
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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