Raúl’s married and has three children two of which are already independent; he lives just with his youngest one in a house of his relatives occupying a room with adobe walls and dirt floor. The house is located in the city of El Alto’s Villa Ingenio zone.
He only attended elementary school and earns income at present making clothes for both genders (shirts, pants, jackets). He works more than ten hours a day because he must cover his family’s food, school and basic utility costs.
He needs the loan to buy another sewing machine because he has large pending orders and he would like to improve his income. This clothes-making activity is the only source of income he has.
Raúl’s dream is to acquire a house in the ‘anticrético’ modality [transaction 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 could lose the property to you] to provide more comfort for his family. This is the second time he’s worked with IMPRO and KIVA.
Raúl, esta casado y tiene tres hijos, dos de los cuales ya son independientes y solo vive con el menor en casa de sus familiares ocupando una habitación con paredes de adobe y el piso de tierra, la casa se encuentra ubicada en la zona Villa Ingenio de la ciudad de El Alto.
El estudió solamente hasta la primaria y actualmente percibe ingresos ya que se dedica a la confección de ropa de ambos sexos (camisas, pantalones, chamarras), trabajando por más de diez horas al día, pues debe cubrir los gastos de alimentación, educación y pago de servicios básicos de su familia.
El crédito lo requiere para comprar otra maquina de costura, pues tiene unos pedidos grandes y desea mejorar sus ingresos. Esta actividad de confección de ropa es la única fuente de ingresos que tiene.
El sueño de Raúl es adquirir una casa en anticrético para dar más comodidad a su familia.
Es la segunda vez que trabaja junto a IMPRO y 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.