Sonia sells periodicals downtown. She needs the loan to buy newspapers and magazines which are what her customers request the most. She lives in a rented house located in the city of La Paz’s San Antonio zone. She’s single and has a son. This is the first time Sonia’s obtained a loan in IMPRO and also in Kiva.
La señora Sonia se dedica a la venta de periódicos en la zona central. El crédito lo requiere para la compra de periódicos y revistas que es lo que más le piden sus clientes. Vive en casa en alquiler la misma queda ubicada en la zona de San Antonio en la ciudad de La Paz; es soltera y tiene un hijo. Es la primera vez que Sonia obtiene un crédito en IMPRO y también en 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.