Check out some available loans that are similar to this one!
Carlos
Carlos is married and doesn't have any children. He lives in his mother-in-law's house, in a small room with adobe walls and a dirt floor. The house if located in Concepcion, which is in the southern part of the city of La Paz. Currently, Carlos works (in transportation) more than 10 hours a day, often late into the night. He works these hours because he has to cover the cost of food and the basic needs of his family.

He needs this loan to pay for the cost of maintaining his vehicle, since it is the only source of income to sustain his family. Carlos' dream is to improve his income so he can obtain housing via anticretico. Anticretico is a legal term signifying that the tenant gives a sum of money to the owner in advance to be able to live in the house for no more than two years. In the end, the money lent for the sections of the house or rooms on anticretico is returned to the tenant, who then leaves the property. He wants to do this to have greater security, comfort, and also to be able to save up to possibly buy a house and in this way improve his quality of life.

This is the first time that he has asked for a loan with Impro and Kiva.
View original language description ↓
Carlos, es casado y no tiene hijos, vive en la casa de su suegra ocupando una habitacion pequeña con paredes de adobe y el piso de tierra, la casa se encuentra ocupada en villa Concepcion de la zona sur de la ciudad de La Paz.
Actualmente Carlos trabaja por más de diez horas y hasta altas horas de la noche con su vehículo de transporte de pasajeros ya que debe cubrir los gastos de alimentación y pago de servicios básicos de su familia.
El crédito lo requiere para pagar el costo del mantenimiento de su vehículo ya que es su única fuente de ingresos para mantener a su familia.
El sueño de Carlos es mejorar sus ingresos para conseguir una casa en anticretico (es una figura legal por la cual el inquilino da un monto de dinero por adelantado al dueño de casa para poder vivir por un plazo no mayor a dos años en la casa, departamento o habitaciones en anticrético, al cabo del cual el dinero será devuelto al inquilino y éste deberá desocupar el inmueble) para tener más seguridad, comodidad y también poder ahorrar para una posible compra de casa y de esta forma mejorar su calidad de vida.
Es la primera vez que solicita crédito junto a IMPRO y la primera vez con 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
  • 188
    View loans »
    Bolivia Loans Fundraising
  • $30,960,550
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $500 helped Carlos pay for maintenance on his taxi.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 20, 2013
Listed
Apr 5, 2013
Currency Exchange Loss:
N/A
Ended:
Dec 17, 2013