Víctor Hugo is a cab driver, he drives his own taxi and is a partner in the “TRUFI 408”. The loan he is requesting will be used to buy a new engine for his car. He lives in his mother-in-law’s house in Pasankeri, a neighborhood of the capital La Paz; he is married and has no children. This is the first loan he is requesting to IMPRO and KIVA.
El señor Víctor Hugo es chofer y tiene su taxi y es socio propietario en “TRUFI 408”. El crédito lo requiere para la compra de un motor nuevo para su vehiculo. Vive en casa de su suegra ubicada en la zona de Pasankeri en la ciudad de La Paz; es casado y no tiene hijos. Esta es la primera vez que solicita un crédito de Impro y de 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.