Rene sells cell phones and also repairs them. His wife has a restaurant providing meal service. He needs the loan to buy spare parts, chargers and earphones for cell phones at wholesale. The activities of both spouses are the source of income they have to cover monthly family expenses. They live in a rented house located in the city of La Paz’s Miraflores zone. Rene is married and has two children. This is the first time he’s requested a loan.
El señor Rene, se dedica a la venta de celulares y la reparación de los mismos y su esposa tiene un restaurant de servicio de comidas. El crédito lo requiere para la comprar al por mayor de repuestos, cargadores, audífonos para celulares. Ambas actividades de los conyugues son la fuente de ingresos que tienen para cubrir sus gastos mensuales de la familia. Ellos viven en la casa alquilada la misma queda ubicada en la zona Miraflores de la ciudad de La Paz. Rene es casado y tiene dos hijos. Esta es la primera vez que solicita un crédito.
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.