Señora Paula weaves blankets and gloves from wool and yarn, with the assistance of her daughter. The loan she is requesting is for increasing her capital to purchase wool in different textures and colors, and to continue with her small business.
She lives in her daughter's home, which is located in the Villa Progreso area of the city of El Alto.
Paula is very satisfied with the loans that are being offered to her, as she will be able to improve her family's quality of life, and try to improve her business by generating more income.
La señora Paula es tejedora de mantas y guantes de lana e hilo y cuenta con la ayuda de su hija. El crédito lo requiere para el aumento de capital para comprar lana de diversas texturas y colores y continuar con su pequeño negocio. Vive en casa de su hija la misma queda ubicada en la zona Villa Progreso de la Ciudad de El Alto. Paula se encuentra muy satisfecha con los créditos que se le otorgaron ya que pudo mejorar la calidad de vida de su familia, y ahora trata de mejorar su negocio para obtener más ingresos.
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.