German is married and has three school age children. The family lives in a small room in German’s parents’ house. The house is located in the Alto San Pedro area of the city of La Paz.
He only went to school up until high school. He currently gets income working as a taxi driver with his own vehicle. He works for over ten hours a day into the late hours of the night. He does this because he needs to cover his family’s expenses for food, education, and basic services.
The loan that he needs is for maintenance on his vehicle (change the oil, buy tires and a battery, and check the brakes). The vehicle is his only source of income.
Geman’s dream is to live in a house under the “anticrético” mode [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 loses the property to you]. He wants to do this in order to make his family more comfortable, to improve their quality of life, and to save the rent.
This is the third time he has worked with IMPRO and the first time with Kiva.
German está casado y tiene tres hijos los cuales están en etapa escolar; la familia vive en casa de los padres de German, ocupando una habitación pequeña, la casa esta ubicada en la zona Alto San Pedro de la ciudad de La Paz.
El estudió solo hasta la secundaria y actualmente percibe ingresos ya que trabaja como chofer de taxi de su propiedad por más de diez horas al día y hasta altas horas de la noche ya que debe cubrir los gastos de alimentación, educación y pago de servicios básicos de su familia.
El crédito lo requiere para el mantenimiento (cambio de aceites, compra de llantas y una batería, además de chequear los frenos) de su vehículo que es su única fuente de ingresos.
El sueño de German es vivir en una casa en anticrético para dar más comodidad a su familia, mejorar su calidad de vida y ahorrar en el alquiler.
Es la tercera vez que trabaja junto a IMPRO y la primera vez 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.