Faustino only has an elementary school education. He currently works more than eight hours a day selling bricks with his wife. This enables them to cover the cost of education, food, and basic services for their family.
The loan he is requesting will be used to buy sand, cement, and bricks so that he can build a wall around his house. He wants to provide more security and comfort for his family.
Faustino’s dream is to build more rooms so that he can improve his family’s quality of life. This is the first time he has received a loan from IMPRO and Kiva.
El estudió solo hasta la primaria y actualmente trabaja por más de ocho horas al día, vendiendo ladrillos junto a su esposa ya que debe cubrir los gastos de educación, alimentación y pago de servicio s básicos de su familia.
El crédito lo requiere para la compra de arena, cemento y ladrillos para el amurallado de su vivienda ya que desea dar más seguridad y comodidad a su familia.
El sueño de Faustino es construir más habitaciones para mejorar su calidad de vida.
Es la primera vez que tiene el crédito con IMPRO y la primera 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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