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Lupe
Lupe is married, and has six children; of whom two are school-aged, and four are already independent. They live in their own home, occupying three rooms. The house is located in the Sopocachi area of the city of La Paz.

Presently, she rents out rooms in her home, and also has her husband's salary, as they share the family's expenses for food, education, and payment of basic services.

She needs the loan to the finishing work on three rooms, as she wishes to rent them out and have more income. For this, she needs to buy stucco, paint, electrical outlets and wiring.

Lupe's dream is to cover university expenses for her two children, so that they can be professionals.

This is the fifth time she is applying for a loan with IMPRO, and the first time with Kiva.
View original language description ↓
Lupe, es casada y tiene seis hijos, de los cuales dos están en etapa escolar y cuatro ya son independientes, viven en casa propia ocupando tres habitaciones, la casa esta ubicada en la zona Sopocachi de la ciudad de La Paz.
Actualmente se dedica a la administración de alquileres de habitaciones en su casa y también cuenta con el sueldo de su esposo ya que ambos cubren los gastos alimentación, educación y pago de servicios básicos de su familia.
El crédito lo requiere para realizar la obra fina de tres habitaciones, ya que desea ponerlas en alquiler y tener más ingresos. Para esto, necesita comprar estuco, pinturas, enchufes y cables.
El sueño de Lupe, es cubrir los gastos universitarios de sus dos hijos hasta que sean profesionales.
Es la quinta vez que solicita crédito junto a IMPRO y la primera vez con KIVA.

Additional Information

About IMPRO

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.

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.

About Bolivia

  • $5,500
    Average annual income
  • 183
    View loans »
    Bolivia Loans Fundraising
  • $30,976,250
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Lupe to buy stucco, paint, electrical outlets and wiring, so that she can finish three rooms in her home and rent them out.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 24, 2012
Listed
Oct 5, 2012
Currency Exchange Loss:
N/A
Ended:
Oct 17, 2014