Jorge works as a mechanic for more than 12 hours daily to cover water, electricity and his children’s education costs as well as his shop’s rent.
He needs the loan to build partition walls (to separate bedrooms and they are made of bricks) on the ground floor of his house to improve quality of life.
Jorge’s dream is to finish building his house to provide better quality of life for his children. This is his first time with IMPRO and with KIVA.
Jorge trabaja como mecánico más de 12 horas al día, para cubrir los gastos de agua, luz, educación de sus hijos y además de su alquiler de su taller.
El crédito lo requiere para la construcción de tabiques (separadores de habitaciones y son de ladrillo) en un primer piso de su vivienda para mejorar su calidad de vida.
El sueño de Jorge es terminar de construir su vivienda y así ofrecer una mejor calidad de vida a sus hijos.
Es la primera vez 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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Success!! The loan was 100% repaid