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Ricardo
Sr. Ricardo is a taxi driver and works independently. His wife is a cook. The loan he is requesting will be used to buy cement and stucco, and to pay workers to remodel three rooms in his house. Ricardo lives in his own home in the District of El Tejar in the city of La Paz. He is married and has six children.

This is the second time he has obtained a loan from IMPRO, but the first time through Kiva. Ricardo has a very good payment history.
View original language description ↓
El señor Ricardo es chofer de taxi y trabaja independiente; su esposa es cocinera. El crédito lo requiere para la compra de cemento, estuco y pago de jornales a los trabajadores, pues intenta refaccionar tres habitaciones en su casa. Ricardo vive en casa propia ubicada en la zona El Tejar de la ciudad de La Paz; es casado y tiene seis hijos. Es la segunda vez que obtiene un crédito en IMPRO y la primera vez con KIVA. Ricardo tiene un historial de pagos muy bueno.

Additional Information

About 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.

About Housing Loans

Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.

About Bolivia

  • $5,500
    Average annual income
  • 189
    View loans »
    Bolivia Loans Fundraising
  • $31,027,000
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $700 helped Ricardo to buy materials and to pay workers to remodel three rooms in his house.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 28, 2011
Listed
Aug 19, 2011
Currency Exchange Loss:
N/A
Ended:
Aug 15, 2012