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Danny
Danny’s single and has two school age daughters; they live in a rented, two-bedroom house located in the city of La Paz’s Periférica zone. He needs the loan to buy a laptop that will be very useful for his daughters’ schooling to do their homework. Danny works more than ten hours daily as a salaried driver and sometimes into the late night hours since he’s the only one covering food, schooling and basic utility costs for his family.

Danny’s dream is to acquire an ‘anticrético’ (a legal contract between a property owner and a tenant whereby the former received a lump sum in advance for a period of no less than a year and no greater than two years allowing the tenant to live in the apartment or house. At the end of said period of time, the amount advanced is returned to the tenant who must then vacate the property) to provide more comfort and security for his daughters and also to be able to cover their schooling so they can become professionals. This is the first time he’s worked with IMPRO and KIVA.
View original language description ↓
Danny, es soltero y tiene dos hijas que están en etapa escolar, viven en alquiler ocupando dos habitaciones, la casa se encuentra ubicada en la zona Periférica de la ciudad de La Paz.
El crédito lo requiere para la copra de una Lap Top, ya que será de mucha ayuda para los estudios de sus hijas, para realizar sus trabajos prácticos.
Danny, trabaja por más de diez horas como chofer asalariado y a veces hasta altas horas de la noche ya que es el único que cubre los gastos de alimentación, educación y pago de servicios básicos de su familia.
El sueño de Danny, es adquirir un anticrético (es una forma legal acordada entre un dueño de casa y un inquilino, donde el primero recibe una suma por adelantado por un periodo no menor a un año y no mayor a dos, permitiendo que el inquilino viva en el departamento o casa, y al cabo de dicho periodo la suma recibida es devuelta al inquilino, quien de be desocupar el inmueble) depara darles más comodidad y seguridad a sus hijas y también poder cubrir sus estudios para que ellas sean profesionales.
Es la primera vez que trabaja junto a IMPRO y 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 Bolivia

  • $5,500
    Average annual income
  • 228
    View loans »
    Bolivia Loans Fundraising
  • $31,614,775
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $600 helped Danny to buy a laptop for his daughters.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 8, 2012
Listed
Dec 11, 2012
Currency Exchange Loss:
N/A
Ended:
Jan 18, 2014