Betty has a son and lives with her husband. He works as a driver, and he has his own vehicle.
She needs the loan for maintenance of the vehicle. It is the only business activity they have to get income to support their family.
Betty lives in “anticredtico” (Anticretico is a transaction not available in the U.S. whereby a property owner requests a "loan" from you in exchange for housing, which must be paid back to you at the end of your contract. If your loan is not repaid, the property owner loses the property to you) in the Obispo Bosque zone of the city of La Paz.
This is the 12th time she has worked with IMPRO, and the fifth time she has worked with Kiva.
La señora Betty tiene un hijo y vive con su esposo el cual trabaja como chofer propietario El crédito lo requiere para el mantenimiento de su movilidad, pues es la única actividad de la cual obtienen ingresos para mantener a su familia. Betty vive en anticretico en la zona Obispo Bosque de la ciudad de La Paz. Es la décima segunda vez que trabaja junto a IMPRO y la quinta vez con 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.