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Teofilo
Teofilo works as an auto mechanic, and he has his own shop. He does all types of repairs on vehicles.

The loan that he needs is to expand his garage. He will do this to make it more comfortable and to be able to better serve his customers. This way he will get more income in order to help his family.

Teofilo is married and has six children. He lives with them in the La Merced zone of the city of La Paz.

This is the second time he has worked with IMPRO, and it is the second time that he has worked with Kiva.
View original language description ↓
Teofilo, trabaja como mecánico automotriz y tiene su taller propio, realiza todo tipo de arreglos en vehículos.
El crédito lo requiere para la ampliación de su garaje para tener más comodidad y atender mejor a sus clientes y de esta forma obtener más ingresos para ayudar a su familia.
Teofilo, es casado y tiene seis hijos con los cuales vive en la zona La Merced ubicada en la ciudad de La Paz.
Es la segunda vez que trabaja con IMPRO y la segunda vez junto a KIVA.

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
  • 88
    View loans »
    Bolivia Loans Fundraising
  • $29,017,150
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Teofilo to expand his garage to use it as part of his auto mechanic shop, to make it more comfortable, and to serve more customers.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 15, 2012
Listed
Mar 14, 2012
Currency Exchange Loss:
N/A
Ended:
Sep 17, 2013