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.
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.
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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Success!! The loan was 100% repaid