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Richard
Richard is single and has no children. He lives in his parents’ house in the Tahuantinsuyo area of the city of El Alto. He has a higher-level of education.

He now works as a teacher in the rural section of Chuma in the Yungas area of La Paz.

He needs the loan to buy construction materials. He will buy cement, brick, and iron. This way he will be able to build a room for himself and be more comfortable.

Richard’s dream is to have his own little house.

This is the third time he has requested a loan from IMPRO and the first time from Kiva.
View original language description ↓
Richard es soltero y no tiene hijos, vive en casa de sus padres, la casa se encuentra ubicada en la zona Tahuantinsuyo de la ciudad de El Alto.

El estudió hasta el nivel de Técnico Superior y actualmente desempeña las funciones de Profesor del Magisterio Rural en la localidad de Chuma, en los yungas de La Paz.

El crédito lo requiere para comprar material de construcción: cemento, ladrillos, fierro. Así podrá levantar una habitación para el y tener una mayor comodidad.

El sueño de Richard es tener su casita propia.

Es la Tercera vez que solicita crédito junto a IMPRO y la primera vez 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

  • $5,500
    Average annual income
  • 197
    View loans »
    Bolivia Loans Fundraising
  • $31,407,800
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $700 helped Richard to buy cement, bricks, and iron in order to build a room at his parents' house so that he will be more comfortable.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 22, 2012
Listed
Jan 7, 2013
Currency Exchange Loss:
N/A
Ended:
Jan 18, 2014