Currently he works as an employee at a private company, doing architectural work for more than 10 hours a day, as he must cover expenses for food, education and payment of basic services.
He needs the loan in order to purchase construction materials such as brick, cement, sand, stucco, wooden beams and other supplies for the construction of another room, as he wishes to provide his son with more comfort.
Alvaro's dream is to improve his income and his quality of life.
This is the first time he has worked with IMPRO and Kiva.
Actualmente trabaja como empleado en una empresa privada realizando trabajos en arquitectura por más de diez horas al día ya que debe cubrir los gastos de alimentación, educación y pago de servicios básicos.
El crédito lo requiere para la compra de materiales de construcción, como ladrillo, cemento, arena, estuco, vigas de madera y otros para la construcción de otra habitación ya que desea darle más comodidad a su hijo.
El sueño de Alvaro es mejorar sus ingresos y su calidad de vida.
Es la primera vez que trabaja junto a IMPRO y 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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