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Franz
Franz is divorced with two school age children. They live in a two-bedroom house he have under 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]. The house is located in the city of La Paz’s Alto Obrajes zone.

At present he works more than ten hours daily selling wine; he’s is the only one who covers food, education and basic utility costs for his family. He needs the loan to better display the wines so that he can sell them thus improving his income.

Franz’s dream is to expand market sales in order to earn higher income and thus improve his family’s quality of life too. This is the first time he’s requested a loan from IMPRO and KIVA.
View original language description ↓
Franz esta divorciado y tiene dos hijos los cuales están en etapa escolar, viven en una casa en anticretico ocupando dos habitaciones, la casa se encuentra ubicada en la zona Alto Obrajes de la ciudad de La Paz.
Actualmente trabaja por más de diez horas al día en la comercialización de vinos ya que es el único que cubre los gastos de alimentación, educación y pago de servicios básicos de su familia.
El crédito lo requiere para elaborar unas etiquetas mejores, cambiar el modelo de las botellas y mejorar la presentación de los vinos para poder venderlos y de esta forma mejorar sus ingresos.
El sueño de Franz, es crecer en ventas en los mercados para tener mejores ingresos y de esta forma mejorar también su calidad de vida y la de su familia.
Es la primera vez que solicita el 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 Bolivia

  • $2,817
    Average annual income
  • 94
    View loans »
    Bolivia Loans Fundraising
  • $28,138,200
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $300 helped Franz the improve the labels and the shape of the bottles of wine that he sells.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 3, 2012
Listed
Aug 27, 2012
Currency Exchange Loss:
N/A
Ended:
Mar 15, 2013