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Lorenzo
Lorenzo lives in the Villa Juliana section of the city of El Alto.

He lives in his own house with his wife and one of his minor daughters, who is finishing her schooling.

Lorenzo is an independent electrician; he undetakes small electrical installations in homes, factories, etc.

His wife has a small grocery store in their home.

The funds will be used to buy supplies like cables, plugs, etc. because he just landed a medium-sized work contract.

This is his first loan with Impro; the socio-economic evaluation conducted indicated that he qualifies for the loan.
View original language description ↓
Lorenzo vive en la zona Villa Juliana, de la ciudad de El Alto.

Vive en casa propia junto a su esposa y uno a de sus hijas menores la cual se encuentra culminando sus estudios escolares.

El señor Lorenzo trabaja como electricista de manera independiente realizando pequeños contratos de instalaciones eléctricas, en domicilios, fabricas y otros,
Su esposa posee una tiendita de abarrotes en su mismo domicilio.

El crédito lo destinará a la compra de materiales como ser cables, enchufes y otros ya que acaba de recibir un contrato de mediana magnitud.

Es el primer crédito con Impro, la evaluación realizada lo califica para otorgar el crédito.

Additional Information

About IMPRO

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.

About Bolivia

  • $5,500
    Average annual income
  • 210
    View loans »
    Bolivia Loans Fundraising
  • $31,401,400
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $500 helped Lorenzo to buy cable, plugs, etc.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 3, 2010
Listed
Feb 11, 2010
Currency Exchange Loss:
N/A
Ended:
Mar 15, 2011