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Ronald
View original language description ↓
Ronald and his grandfather have a workshop where they fix automobile brakes. The workshop is Ronald’s principal source of income, enabling him to support his mother and pay for his university classes. His home is in the Nueva Jerusalén zone of El Alto in Rió Seco. Ronald is asking for a loan to buy a machine for his workshop, an arch to weld compressors. The loan will also contribute to purchasing raw materials. This is Ronald's first loan with Impro, whose evaluation resulted in Ronald’s credit approval.

Translated from Spanish by Sarah Bishop, Kiva Volunteer.



Ronald (quien trabaja con su abuelo), tiene un taller de servicio de Frenos y Cambio de Balatas de movilidades. El taller es su principal fuente de ingreso con lo que cubre sus estudios universitarios y ayuda económicamente a su madre. Su domicilio es en la ciudad de El Alto Zona Nueva Jerusalén – Rió Seco.

Ronald solicita crédito para comprar una herramienta de trabajo, es decir, un arco para soldar compresora, el monto también esta destinado para materia prima.

Este es su primer crédito con Impro, la evaluación realizada determina la aprobación del préstamo solicitado por Ronald.

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 Bolivia

  • $5,500
    Average annual income
  • 186
    View loans »
    Bolivia Loans Fundraising
  • $31,008,200
    Funds lent in using Kiva
  • 7.3
    Bolivia Bolivianos (BOB) = $1 USD

Success!! The loan was 100% repaid

A loan of $400 helped Ronald purchase tools for his shop.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
May 30, 2008
Listed
May 15, 2008
Currency Exchange Loss:
Covered
Ended:
Jun 15, 2009