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Fermin
Fermín is a divorced man with 3 adult children. He lives in two small rooms with brick walls in his parent’s house in the Achachicala zone in the city of La Paz.
He currently works more than eight hours a day as a driver. He works late into the night in order to be able to cover his personal food expenses and basic services.
He is requesting a loan to pay for maintenance on his vehicle because this is his only source of income.
Fermín’s dream is to increase his income and quality of life so he can live more comfortably.
This is his second loan with IMPRO and KIVA.
View original language description ↓
Fermín, es divorciado y tiene tres hijos los cuales ya son independientes, vive en la casa de sus padres ocupando dos habitaciones pequeñas con paredes de ladrillo, la casa se encuentra ubicada en la zona Achachicala de la ciudad de La Paz.
Actualmente trabaja como chofer por más de ocho horas al día y hasta altas horas de la noche ya que debe cubrir sus gastos personales de alimentación y pago de servicios básicos.
El crédito lo requiere para pagar el mantenimiento de su vehículo ya que es su única fuente de trabajo para sustentarse.
El sueño de Fermín, es mejorar sus ingresos y su calidad de vida para tener más comodidad.
Es la segunda vez que solicita crédito con IMPRO y la segunda vez junto a 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 Bolivia

  • $5,500
    Average annual income
  • 179
    View loans »
    Bolivia Loans Fundraising
  • $30,784,250
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $400 helped Fermin to pay for general maintenance on the vehicle he uses for his taxi service.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 27, 2013
Listed
Mar 20, 2013
Currency Exchange Loss:
N/A
Ended:
Nov 17, 2013