Carmelo is an artesan who works with leather and suede. He creates footwear for men, with the help of one assistant. His products are sold by the dozen in the popular fairs in La Paz. He counts on this income to take care of himself and his wife. They live in the zone of Tupac Katari in the city of El Alto.
The loan will be used to purchase leather and other materials to grow his business. This is fourth loan with Impro. With his good compliance with the previous three loans, he qualifies for this other loan to help meet the demands of his market.
Carmelo es artesano en cuero y cuerina; elabora calzados para varones y tiene un ayudante. El producto es comercializado por docena en las ferias populares de la Ciudad de La Paz, constituyéndose en su fuente de ingreso con que mantiene a su esposa y a él mismo; vive en la Zona de Tupac Katari de la Ciudad de El Alto.
El crédito requerido será utilizado para incrementar su capital de trabajo (compra de materia prima cuero, cartón, etc.).
Es el cuarto crédito con Impro y su buen comportamiento de pago en los tres créditos anteriores le permite acceder a otro préstamo para que pueda satisfacer la demanda que tiene en su mercado.
Translated by Kiva volunteer, Emily Charnes
About IMPROIMPRO 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.
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