Jaime is a tailor. He needs the loan to buy raw materials, especially fabric, lining and zippers for his business. Jaime is single and has a son. He lives in his sister’s house located in the city of La Paz’s Tembladerani zone. This is the first time he’s worked with Kiva and also the first time he’s requested a loan from Impro.
El señor Jaime es costurero. El crédito lo requiere para la compra de materia prima, especialmente telas, forros hilos y cierres para su negocio. Jaime es soltero y tiene un hijo. Vive en casa de su hermana ubicada en la zona de Tembladerani de la Ciudad de La Paz. Es la primera vez que trabaja junto a kiva y también la primera vez que solicita un crédito en 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.