Felix is a city employee while his wife sells hamburgers from a street cart. With the income they earn from both of their jobs, they are able to support their family. This is the first time Felix has applied for a loan. The money he requested will be used to build a retaining wall for his house.
The socio-economic analysis indicates he is qualified to receive this new loan.
Felix es empleado de la alcaldía de esta ciudad y su esposa vende hamburguesas en un puesto callejero; con los ingresos que obtienen de ambas actividades mantienen a la familia. Esta es la primera vez que presenta una solicitud de créditos. El dinero solicitado será utilizado en la construcción de un muro de contención de su casa.
Por su estudio socio económico califica para obtener un nuevo crédito.
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.
About Housing Loans
Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.
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