Mr. Valentín M. lives in his own home in the Munaypata zone, an outlying district of the city of La Paz. He lives with his wife and their four children.
Mr. Valentín and his wife work in housing construction as a bricklayer and assistant, respectively. Their incomes support their family.
The loan that he is soliciting is to build a “losa” (which is a cement and sand base that once set becomes a hard floor) in order to later build bedrooms on the top floor of their home. The bedrooms that they currently have do not provide sufficient space for their family.
This is the eighth time they have requested a loan and the socioeconomical analysis qualifies them favorably and they are able to access a loan.
El señor Valentín M. vive en casa propia, en la zona de Munaypata, área periférica de la ciudad de La Paz, con su esposa y sus cuatro hijos.
El señor Valentín y su esposa trabajan en construcciones de viviendas particulares como albañil y ayudante respectivamente, ingresos con los que mantienen a su familia.
El crédito solicitado es para la construcción de una losa (es una base de cemento y arena que una vez vaciada se convierte en un piso duro) para luego construir habitaciones en planta alta de su vivienda, ya que las habitaciones que tiene no brindan espacio suficiente para su familia.
Esta es la octava vez que solicita préstamo y el análisis socioeconómico realizado lo califica favorablemente y puede acceder a un crédito.
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.