Daniel is a dairy farmer and also a veterinary salesman. His wife helps him with the farming chores. With the money from the loan he will buy a pair of dairy cows to increase milk production and his income. He lives in a house of his own located in Achacachi, La Paz Department. He’s married and has four children. This is the first time the client has requested a loan. The financial analysis indicates that he’s credit worthy and the social analysis indicates that he deserves a preferential interest rate so it will be channeled through Kiva.
El señor Daniel es productor lechero y además es promotor veterinario, su esposa lo ayuda con las actividades agrícolas. Con el dinero del crédito comprará un par de vacas lecheras para mejorar su producción de leche y sus ingresos. Vive en casa propia ubicada en la localidad de Achacachi del departamento de La Paz; es casado y tiene cuatro hijos. Es la primera vez que el cliente solicita un crédito; el análisis financiero indica que es sujeto de crédito y el análisis social indica que merece una tasa preferencial de interés, por lo que se canaliza a través de 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.