Julio works transporting cargo. He transports potatoes, “chuño” (potato that has been processed in a different way), and pork. His wife is a merchant who sells pork by the kilo. These two activities are their primary sources of income, which support their two children. They live in the Rio Seco area of the city of El Alto.
The loan is to buy a motor for his vehicle in order to keep working.
It is his second loan with Impro. His good payment history allows for approval of Julio’s requested loan.
Julio trabaja como transportista de carga (papa, chuño – es papa que ha sido procesada de diferente manera -, carne de cerdo) la esposa es comerciante de carne de cerdo por kilo; estas dos actividades son sus principales fuentes de ingreso con que cubren la manutención de sus dos hijos. Vive en la zona Rio Seco de la ciudad de El Alto.
El crédito lo destinará a comprar un motor para su movilidad para continuar trabajado.
Es el segundo crédito con IMPRO, el buen comportamiento de pago le permite aprobar otro préstamo solicitado por Julio.
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.