Mr. Felix lives in his own house on Av. Buenos Aireas in the area of Las Lomas in the city of La Paz. His wife sells food in their house. Felix has a minibus, which he uses as a form of public transportation from Monday to Saturday. With these two activities, they take care of their children. This loan will be used to repair the motor and to buy a battery to keep his vehicle functioning, since he needs it for his job and he doesn’t have another source of income.
This is his first loan with Impro, and his socio-economic status qualifies him for this loan.
El señor Felix vive en casa propia en la Av. buenos aires de la zona las lomas de la ciudad de La Paz; la esposa se dedica a la venta de comida en la misma casa. Felix tiene un minibus con el cual trabaja como transporte publico de lunes a sábado y con estas dos actividades ellos mantienen a sus hijos. El crédito que solicita es para reparar el motor y comprar batería así de esta manera mantener en funcionamiento su herramienta de trabajo ya que no tienen mas ingresos.
Este será su primer crédito con Impro y el análisis socio económico lo califica.
IMPRO 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.