She requests the loan to pay for some paperwork related to her house since she was widowed very young and was unable to put her inheritance in order. Magdalena’s dream is to see her daughters become professionals which she’s already accomplished with her two oldest daughters; only the youngest remains for her dream to be complete.
Ella solicita el crédito para pagar los trámites de su casa, ya que se quedó viuda muy joven y no pudo poner en orden la declatoria de herederos.
El sueño de Magdalena fue poder sacar profesionales a sus hijas lo cual ya se realizó en las dos hijas mayores, solo le falta con la hija menor, con lo cual su sueño estaría cumplido.
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