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Mario
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Mario M. lives in his own home in the zone of San Martín on the west side of the city of La Paz with his wife and two kids. He works in a bakery in the zone of Cotahuma in the same city. His wife recycles the flour containers and sells them in a rural area. With their previous credits, they constructed two rooms, installed a sewer system, and completed 40% of a containing wall. This credit will be used to construct the second stage of the containing wall and to finish stabilizing the foundation of their home. This is the sixth occasion that Mario is requesting a loan, and our socioeconomic analysis shows that he qualifies for another loan. He has been an IMPRO client since 1999.

Translated from Spanish by Tanya Harper, Kiva volunteer


El señor Mario M. vive en casa propia en la zona de San Martín ladera oeste de la Ciudad de La Paz con su esposa y su dos hijos, el señor Mario trabaja como empleado en una panadería de la zona de Cotahuma de la misma ciudad y su esposa recicla los envases de la harina y los comercializa en el área rural. Con los créditos anteriores realizaron la construcción de dos habitaciones, la instalación de alcantarillado y un 40% de un muro de contención. El crédito solicitado será destinado a la construcción en segunda etapa del muro de contención y concluir así con la estabilización de suelos en su vivienda. Esta es la sexta ocasión que solicita un préstamo y el análisis socioeconómico realizado los califica favorablemente y puede acceder a un crédito. Es cliente de IMPRO desde el año 1999.

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
  • 179
    View loans »
    Bolivia Loans Fundraising
  • $30,784,250
    Funds lent in using Kiva
  • 7.6
    Bolivia Bolivianos (BOB) = $1 USD

Success!! The loan was 100% repaid

A loan of $650 helped Mario construction of a containing wall in their home.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Jan 5, 2008
Listed
Dec 21, 2007
Currency Exchange Loss:
Covered
Ended:
Feb 15, 2009