Magdalena is a widow and has three children two of which are independent; she lives only with a daughter in her in-laws’ house occupying two rooms. The house is located in the city of La Paz’s Alto San Pedro zone.
She currently earns income from the pension her husband left her and must cover food and basic utility costs with it which is why she’s asking for a loan because one of her daughters needs an operation and she wants to help her but what she earns is insufficient to do so.
Magdalena’s dream is to have a business to improve her income and to be able to get a house 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] in order to have more comfort. This is the third time she’s worked with IMPRO and first with KIVA.
Magdalena es viuda y tiene tres hijos de los cuales dos son independientes, solo vive con una hija en casa de sus suegros ocupando dos habitaciones, la casa esta ubicada en la zona Alto San Pedro de la ciudad de La Paz.
Actualmente percibe ingresos de la renta que le dejo su esposo ya que con eso debe solventar los gastos de alimentación y pago de servicios básicos, es por eso que solicita el crédito ya que una de sus hijas debe someterse a una operación y desea ayudarla pero con lo que percibe no le alcanza para poder pagarlo.
El sueño de Magdalena es tener un negocio para mejorar sus ingresos y adquirir una casa en anticretico para tener más comodidad.
Es la tercera vez que trabaja junto a IMPRO y la primera con 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.