Check out other loans that are currently fundraising!
Nicolas
View original language description ↓

Nicolas works as a salaried chauffeur for a private family: he also works as a waiter. He lives with his younger sixteen-year old brother: their house is located in the Villa Ingenio Zone in the town of El Alto.


The loan is needed to purchase a kiosk which will be use to sell street-food (french-fries, hamburgers and hot dogs). This is a new activity that Nicholas wants to embark on and thus be able to gain independence and begin his own business. Thanks to El Alto’s characteristics, street-food businesses offer good results: given the rising population in El Alto, the town now has close to a million inhabitants.


This is his second loan with Impro: the first loan was arranged in February of this year and has been completely paid back, the last payment being received in September. This prompt payment allowed the approval of this second loan.

Translated from the Spanish by Katy Long, Kiva Volunteer


Nicolás trabaja como chofer asalariado para una familia particular, también trabaja como garzón, vive con su hermano menor de 16 años; su vivienda esta ubicado en la Zona Villa Ingenio de la Ciudad de El Alto.


El crédito requiere para la compra de un kiosco que será utilizado para la venta de comida al paso (salchipapas, hamburguesas y hot dogs). Esta es una nueva actividad que Nicolas desea emprender y así poder independizarse y comenzar su propio negocio. Dadas las características de la ciudad de El Alto, los negocios de comida al paso dan buenos resultados debido al ritmo de crecimiento demográfico de El Alto, la ciudad cuenta con casi un millón de habitantes.


Es el segundo crédito con Impro; el primer crédito fue concedido en Febrero de este año y fue pagado en su totalidad siendo su último pago en el mes de Septiembre. El buen comportamiento de pago permite que se apruebe este segundo préstamo.

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
  • 235
    View loans »
    Bolivia Loans Fundraising
  • $31,587,350
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $500 helped Nicolas kiosk purchase.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Nov 2, 2007
Listed
Oct 19, 2007
Currency Exchange Loss:
N/A
Ended:
Dec 15, 2008