Luís is a musician. He also works preparing legal documentation, to be submitted to the corresponding authorities, for the lawyer's office he works for. This is how he supplements his income.
Luís needs this loan to buy an electric guitar for his band. This will enable him to work at social events in the evenings and at weekends.
Luís lives in his parents' home which is located in San Pedro district, in the city of La Paz. He is single and doesn't have any children. This is the first time that he has requested a loan. Luís' desire to make progress professionally and the cash flow analysis that our loan officer carried out on him meant that IMPRO accepted his loan request.
El señor Luís es músico y también trabaja efectuando legalizaciones de documentos ante las autoridades correspondientes para el buffet de abogados para el que trabaja. De esta manera complementa sus ingresos. El crédito lo requiere para la compra de una guitarra eléctrica para su grupo musical y así atender acontecimientos sociales por las noches y los fines de semana. Vive en casa de sus padres la misma queda ubicada en la zona de San Pedro en la ciudad de La Paz; es soltero y no tiene hijos. Es la primera vez que solicita un crédito. Sus ganas de progresar profesionalmente y el flujo de caja analizado por nuestro oficial de créditos influyen en la aceptación que IMPRO ha dado a su solicitud de crédito.
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.