Alejo’s single and has two children. He lives in a house as a caretaker occupying a single room. His two children are school age and the house is located in the city of El Alto’s Río Seco zone.
He currently works as a driver in the urban zone for more than twelve hours daily well into the night since he’s the only one who covers food, school and basic utility costs for his family. On weekends he also works as a locksmith in order to improve his income.
He needs the loan to increase capital purchasing tools for his metal shop because he wants to expand it. Alejo’s dream is 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] to provide his family with more comfort. This is the first time he’s worked with IMPRO and KIVA.
Alejo es soltero y tiene dos hijos, vive en una casa como cuidador ocupando solo una habitación, sus dos hijos están en etapa escolar, la casa se encuentra ubicada en la zona Rió Seco de la ciudad de El Alto.
Actualmente trabaja como chofer en el área urbana por más de doce horas al día y hasta altas horas de la noche ya que es el único que cubre los gastos de alimentación, educación y pago de servicios básicos de su familia. También trabaja los fines de semana como cerrajero ya que desea mejorar sus ingresos.
El crédito lo requiere para aumentar su capital comprando herramientas para su cerrajería ya que desea ampliar su taller.
El sueño de Alejo, es adquirir una casa en anticrético para dar más comodidad a su familia.
Es la primera 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.