Genaro is married and has three children, two of whom are already independent; the youngest is school-aged. They live in a rented house, occupying three rooms. The house is located in the Pampahasi area of the city of La Paz.
Currently, he works more than eight hours a day in a company making tracksuits, and also has a grocery store run by his wife, who appears in the above photo. Both of them contribute to their family's expenses for food, education and payment of basic services.
He needs the loan for the purchase of a single-needle sewing machine for making tracksuits, as he wishes to improve his income by working independently.
Genaro's dream is to obtain a house through "anticrético" (lump-sum loan in exchange for housing, which must be paid back to the occupant at the end of the contract). This is in order to give his family more comfort, improve their quality of life, and most important, to not have to pay the rent that he currently pays.
It is the first time he has applied for a loan with IMPRO, and the first time with Kiva.
Genaro, es casado y tiene tres hijos dos de los cuales ya son independientes y el ultimo esta en etapa escolar, viven en una casa alquilada ocupando tres habitaciones, la casa esta ubicada en la zona Pampahasi de la ciudad de La Paz.
Actualmente trabaja por más de ocho horas al día en una empresa confeccionando buzos deportivos y también cuenta con una tienda de abarrotes que es administrada por su esposa ( que aparece en la foto adjunta) ya que ambos solventan los gastos de alimentación, educación y pago de servicios básicos de su familia.
El crédito lo requiere para la compra de una maquina recta para la confección de los buzos deportivos ya que desea mejorar sus ingresos de forma independiente.
El sueño de Genaro, es conseguir una casa en anticrético para dar más comodidad a su familia y mejorar su calidad de vida, y lo más importante, ahorrar los alquileres que actualmente paga.
Es la primera vez que solicita crédito 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.