Fredy needs this loan to buy work tools such as a current meter, a soldering iron and safety gloves. Fredy is an employee and he is an electrician. Fredy uses his income to support his son. He lives in his parents' home which is located in the Villa Nueva Potosí district of the city of La Paz. This is his first loan with IMPRO and KIVA.
Fredy requiere el crédito para comprar herramientas de trabajo, como medidores de corriente, máquina soldadora, guantes de seguridad; Fredy es empleado y es técnico electricista. Con el ingreso que obtiene Fredy mantiene su hijo y vive en casa de sus padres, ubicada en la zona Villa Nueva Potosí de la ciudad de La Paz. Tiene un hijo. Es el primer crédito que tiene con IMPRO y con KIVA.
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.