Arturo works for himself making party favors (these are party hats, party streamers, and other things made from different colored paper which are used at children's parties and other celebrations). He also a store where he sells these.
The loan that he is requesting is for the purchase of material for making more party favors: paper, cardboard, card, glue, polystyrene, etc. In this way he can increase his income to support his family.
Arturo is a widower and has five children with whom he lives in the Alto San Pedro neighborhood in La Paz city.
This is his tenth time working with IMPRO, and his eighth with Kiva.
Arturo, trabaja independientemente elaborando cotillones (son gorritos, serpentinas, mixturas, hechas de papel de diferentes colores, que se usan para fiestas infantiles y otras celebraciones) y también cuenta con una tienda donde los pone a la venta.
El crédito lo requiere para la compra de material para la elaboración de más cotillon, papel, cartón, cartulina, goma, plastoformo, etc., y de esta forma aumentar sus ingresos para la mantención de su familia.
Arturo, es viudo y tiene cinco hijos con los cuales vive en la zona Alto San Pedro en la ciudad de La Paz.
Es la décima primera vez que trabaja junto a IMPRO y la octava vez junto a 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.