Señora Reina works as a seamstress in a clothing factory in the city of La Paz. Her husband works as a mason. She is requesting a loan to purchase 2 sewing machines because she wants to open her own shop. This way she will have more freedom to act and make decisions to increase her income. She lives in an anticretico house [a transaction where in exchange for housing the renter loans the owner money which is returned at the end of the contract] in the May 3rd district in the city of La Paz. She is married and has one child. This is her first loan with IMPRO.
La señora Reina trabaja como costurera en una fabrica de costura en la ciudad de La Paz y su esposo trabaja como albañil. El crédito lo requiere para la compra de 2 maquinas de costurar pues su deseo abrir su propio taller y de esta manera tener mayor libertad de acción y decisión para mejorar sus ingresos. Vive en anticretico en una casa la misma queda ubicada en la zona de 3 de mayo en la ciudad de La Paz; es casada y tiene un hijo. Es la primera vez que tiene un crédito en IMPRO.
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.