The loan he is requesting will be used to pay for his university studies. He lives at home with his parents in the District of Alta San Pedro in the city of La Paz. Felipe is single and has no children.
This is the first time he has obtained a loan from IMPRO and Kiva.
About IMPROIMPRO 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.
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Success!! The loan was 100% repaid