Raúl is a salaried taxi driver and works in the South zone of the city of El Alto. His wife offers scuba diving services. These activities are their main sources of income and cover the maintenance of two of their children. They have a total of four children, and in regard to the other two, one is studying electromechanical engineering and the other one is in Cuba studying medicine on a scholarship). Raúl and his family live in the Nuevos Horizontes zone of the same city.
The loan will be invested in the purchase of construction material (bricks and cement) for the construction of a protective wall they very much need in their home.
For their first loan with Impro, the evaluation conducted qualified Raúl favorably.
Translated from Spanish by Evelyn Garcia, Kiva volunteer.
Raúl es chofer asalariado de taxi, trabaja en la Zona Sur de la Ciudad de El Alto, la esposa es comerciante minorista de buzos deportivos. Dichas actividades son las principales fuentes de ingresos que cubren la manutención de un par de sus hijos (en total tienen cuatro, en cuanto a los otros, uno esta estudiando electromecánica y el otro esta en Cuba estudiando becado la carrera de medicina). Raúl y su familia viven en la zona Nuevos Horizontes de la misma ciudad.
El crédito será invertido en la compra de material de construcción (ladrillos y cemento) para la construcción de la muralla que hace mucha falta.
Es su primer crédito con Impro, la evaluación realizada califica favorablemente a Raúl.
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.
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