Orlando has a liquor store that he tends to every night and he also works at a paving stone factory. He supports his wife with the income he earns. He needs the loan to buy phone booths to install in his liquor store to increase his income. He lives in his parents’ house located in the city of El Alto’s Brasil zone. He’s married and has no children. This is his first loan with IMPRO and Kiva.
El señor Orlando tiene una licorería la que atiende todas las noches y también trabaja en una fábrica de losetas. Con los ingresos que obtiene mantiene a su esposa. El crédito lo requiere para la compra de cabinas telefónicas para instalar en la licorería para aumentar sus ingresos. Vive en casa de sus padres ubicada en la zona Brasil de la ciudad de el Alto; es casado y no tiene hijos. Es primer crédito con IMPRO y 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.