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Magdalena
Magdalena is a widow and has three daughters; two of them are independent and the youngest still lives with her in the city of La Paz’s Alto San Pedro zone. Magdalena works making crafts. She’s retired and earns a pension that supports her and her family. Her crafts business helps with income.

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.
View original language description ↓
Magdalena es viuda, tiene tres hijas de las cuales dos ya son independientes y la última vive con ella en la zona de alto san pedro de la ciudad de La Paz; Magdalena se dedica a la elaboración de artesanías; es jubilada y percibe una renta con la cual se mantiene y mantiene a su familia. Su negocio de las artesanías le ayuda con sus ingresos.

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.

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

  • $2,817
    Average annual income
  • 81
    View loans »
    Bolivia Loans Fundraising
  • $28,055,575
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $600 helped Magdalena to pay for legal transactions related to her house.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 18, 2013
Listed
Mar 5, 2013
Currency Exchange Loss:
N/A
Ended:
Jan 18, 2014