Carmen is an artisan an she weaves blankets. She also knits blankets and she is a seamstress. This is how she earns her monthly income. She requires the loan to purchase a sewing machine to complete making her products faster. Carmen has never had a loan from any financial institution. This is the first time she will have an experience like this. She lives in a house of her own and it is located in the region of Seke in the city of El Alto. She is married and she has a son.
La señora Carmen es artesana y realiza el trenzado de mantas, también teje las mismas y es costurera. Es así como ella percibe sus ingresos mensuales. El crédito lo requiere para la compra una maquina de coser para terminar sus productos más rápido. Carmen nunca ha tenido un crédito en ninguna institución financiera, de tal manera que esta es la primera vez que tendrá una experiencia como ésta. Vive en casa propia ubicada en la zona Seke en la ciudad de El Alto; es casada y tiene un hijo.
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.