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Enrique
View original language description ↓
Enrique owns a car he uses to work as a taxi driver. His home is in the area called Cristo Rey Ladera Oeste in La Paz. He has two children and his wife cannot work because when she gave birth to their youngest son, the doctors did not do carry out a proper procedure, leaving her handicapped. This is the second time Enrique has applied for a loan through Impro and his credit record qualifies him as a client type 1, which means he pays his loans on time.

Because his car is not in good shape and because of the requirements stipulated by the taxi company he works for, Enrique is in need of a better vehicle. He will use this loan to buy a car that complies with the requirements of his taxi company. Enrique's old car is about to be sold and the money he will receive from the sale will be put into purchasing the new car. Enrique's good credit record allows him to apply for this loan because he is an experienced driver.

Translated from Spanish to English by Isabel Tan, a Kiva volunteer.

Enrrique tiene una movilidad que trabaja como Radio Taxi.
Su domicilio se encuentra ubicado en la zona Cristo Rey Ladera Oeste de la ciudad de La Paz.
Tiene dos hijos y su esposa no puede trabajar ya que cuando ella tuvo su ultimo hijo le realizaron una mala operación donde quedo minusválida.
Es la Segunda vez que solicita un crédito en Impro y su historial lo califica como cliente 1 es decir con cumplimiento bueno en el pago de su crédito.
Por el mal estado de su vehiculo y las exigencias de la empresa de Radio taxis que representa se ve obligado a cambiar de vehiculo por uno mas moderno. El crédito que solicita será utilizado en la compra de un vehiculo acorde a las exigencias de la Empresa de Radio Taxis donde él trabaja. Su actual vehiculo está en proceso de ser vendido y el dinero que recibirá por dicha venta será usado para completar el valor total del nuevo taxi.
Su antecedente crediticio le permite acceder a este crédito ya que tiene experiencia como chofer.

Additional Information

About IMPRO

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.

About Bolivia

  • $2,817
    Average annual income
  • 94
    View loans »
    Bolivia Loans Fundraising
  • $30,126,850
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Enrique working capital.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Mar 8, 2008
Listed
Feb 21, 2008
Currency Exchange Loss:
N/A
Ended:
Oct 15, 2009