Mercedes lives under the anticrético modality (Anticretico is a transaction not available in the U.S. whereby a property owner requests a "loan" from you in exchange for housing, which must be paid back to you at the end of your contract. If your loan is not repaid, the property owner loses the property to you) with her two children; she’s been separated from her husband for over 5 years.
She’s employed as a social worker but her salary is not very high. She also manufactures chocolates with two girl friends with whom she set up a micro business. They have a pending order to make chocolates for Mother’s Day and they need funds to buy ingredients (chocolate, sugar, aromatic oils, etc.) so that they can sustain the business and continue to generate earnings.
This is her first loan request from Impro. The social nature of the loan makes it eligible for transfer to Kiva for access to funds.
La señora Mercedes vive en anticrético, con sus dos hijos; está separada del esposo hace mas de 5 años. Trabaja como investigadora social donde percibe un sueldo que no es muy alto, pero además se dedica a la elaboración de chocolates junto con dos amigas, con las cuales creó una pequeña microempresa; actualmente obtuvieron un contrato para elaborar chocolates por el día de la madre y el crédito que solicita es para comprar material (chocolate, azúcar, esencias, y otros) y de esta manera mantener el negocio estable y seguir generando su ingresos.
Esta es la primera vez que solicita un crédito de Impro; el carácter social del crédito hace que se lo canalize a través de Kiva y pueda 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.