Mr. Walter is a teacher who travels to the interior of the country on weekends to sell jackets. These are his two sources of income. Because winter is beginning in Bolivia, he needs this loan to increase his capital in order to buy more winter jackets. He lives in an anticrético housing arrangement with his mother, in a house located in the San José de Yunguyo zone of the city of El Alto [anticrético is a common rental arrangement in Bolivia where the renter gives a lump sum loan to a property owner in exchange for housing for a specified length of time]. He is single and does not have children. This is the first time he has taken out a loan through IMPRO.
El señor Walter es maestro y los fines de semana viaja al interior el país ya que el comercializa chamarras. Estas actividades son su fuente de ingresos. El crédito lo requiere para el aumento de capital para comprar más chamarras de invierno debido a que la temporada de invierno ya está por comenzar en Bolivia. Vive en anticretico con su madre en una casa ubicada en la zona de San José de Yunguyo de la ciudad de El Alto; es soltero y no tiene hijos. Es la primera vez que tiene un crédito en 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.