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Richard
Richard is single and has no children. He lives in his parents' home which is just one room with a dirt floor. The house is located in the Las Lomas area in the city of La Paz.

He is currently making an income working as an employee at a wood company more than 12 hours a day. With the little money that he makes he has to cover food expenses and pay for basic services for his family.

He needs this loan to expand his parents' home because he wants to give his family more comfort and security. Richard's dream is to increase his income and have a profession in order to improve his quality of life. This is the second loan he has requested from IMPRO and Kiva.
View original language description ↓
Richard es soltero y no tiene hijos, vive en la casa de sus padres ocupando solo una habitación pequeña que tiene el piso de tierra, la casa esta ubicada en la zona Las Lomas de la ciudad de La Paz.
Actualmente percibe ingresos ya que trabaja como empleado en una empresa de madera por más de doce horas al día y con lo poco que gana debe cubrir los gastos de alimentación y pago de servicios básicos de su familia.
El crédito lo requiere para la ampliación de la casa de sus papas ya que desea darle más comodidad y seguridad a su familia.
El sueño de Richard, es mejorar sus ingresos y tener una profesión para mejorar su calidad de vida.
Es la segunda vez que solicita crédito junto a IMPRO y 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 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.

About Bolivia

  • $2,817
    Average annual income
  • 85
    View loans »
    Bolivia Loans Fundraising
  • $28,645,575
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Richard to expand his parents' house so that they can live better.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 19, 2012
Listed
Aug 6, 2012
Currency Exchange Loss:
N/A
Ended:
Feb 17, 2014