Verónica has a neighborhood store at home. She completed secondary school. She lives in her parents’ house occupying three bedrooms with brick walls and wood flooring. The house is located in the city of La Paz’s Pasankery zone.
Verónica tends to her store for more than 8 hours daily in order to cover food, electricity, water and education costs for her daughter and others. She needs the loan to increase working capital. She will buy supplies like flour, sugar, noodles and others at wholesale to reduce costs and improve income.
Verónica’s dream is that her daughter completes her schooling and to expand the business. This is her second loan with IMPRO and first with KIVA.
La señora Verónica tiene una tienda de barrio en su domicilio, su nivel de educación es secundaria, vive en casa de sus padres ocupando 3 habitaciones en un acabado de ladrillo y piso de machimbre en la zona de Pasankery de la ciudad de La Paz.
Verónica atiende su tienda más de 8 horas al día, para cubrir sus gastos de alimentación, luz, agua, educación de su hija y otros
El crédito lo requiere para el aumento de su capital de trabajo, pues comprará insumos como ser harina, azúcar, fideo y otros al por mayor para reducir el costo y mejorar su ingreso.
El sueño de Verónica es que su hija termine sus estudios y ampliar su negocio.
Es la segunda vez con IMPRO y la primera con Kiva.
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.