Juan works for the national police and also works as a private security guard. He needs the loan to buy construction materials (cement, sand, bricks, iron, stucco, etc) since he will build three rooms on the upstairs level of his house. He lives in his own house located in the Pasankeri area in the city of La Paz. He is married and has three children. This is the first time he has obtained a loan with IMPRO and through the Kiva channels.
El señor Juan trabaja en la policía nacional y también trabaja como guardia de seguridad privada. El crédito lo requiere para la compra de material de construcción (cemento, arena, ladrillos, fierro, estuco, etc.) ya que construirá tres habitaciones en la planta alta de su casa. Vive en casa propia ubicada en la zona Pasankeri de la ciudad de La Paz; es casado y tiene tres hijos. Es la primera vez que obtiene un crédito en IMPRO y se lo canaliza a través 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.