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Faustino
Faustino is married and has six children. Two of them are already independent and four of them are of school age. Faustino and his family live in their own home, which consists of two rooms that have brick walls and dirt floors. The house is located in the District of Alto Llojeta in the city of La Paz.


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.

View original language description ↓
Faustino, es casado y tiene seis hijos de los cuales dos ya son independientes cuatro están en etapa escolar, viven en casa propia ocupando dos habitaciones con paredes de ladrillo y el piso de tierra, la casa se encuentra ubicada en la zona Alto Llojeta de la ciudad de la Paz.

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.

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

  • $2,817
    Average annual income
  • 84
    View loans »
    Bolivia Loans Fundraising
  • $29,016,250
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
Expired
A loan of $1,500 helped Faustino to buy cement, sand, and bricks so that he can build a security wall around his home.
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 27, 2012
Listed
Oct 31, 2012
Currency Exchange Loss:
N/A
Expired:
Nov 30, 2012