The loan that she needs is to make rent payments in advance for the house where she lives. This way she will reduce her monthly payment and free up funds for living expenses for her son and for herself.
Liliana is divorced and has one child. They live in a rented house in the Mallasa area of the city of La Paz.
This is the second time that she has worked with IMPRO, and it is the first time that she has worked with Kiva.
El crédito lo requiere para el pago de alquileres por adelantado de la casa donde vive ya que de esta manera reduce su pago mensual y libera fondos para la manutención de su hijo y de ella misma.
Liliana, es divorciada y tiene un hijo con el cual vive en una casa en alquiler en la zona Mallasa de la ciudad de La Paz.
Es la segunda vez que trabaja con IMPRO y la primera vez junto a KIVA.
About IMPROIMPRO 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 Housing Loans
Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.
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Success!! The loan was 100% repaid