Carmelo has his own house in the zone of Las Lomas (a poor suburban area of the city of La Paz) with his wife (Placida Quispe, travelling vegetable saleswoman) and their two children. Carmelo is employed in construction work, and does his business by offering his services in private homes (for example; the demolition of a wall, refurbishment, installation of furniture or building, etc.)
Past credits were used for the construction and finishing work of their home (now finished) but there are still a few more details that they would like to take care of. For this reason, Carmelo is asking for the credit in order to demolish the front wall that is old and running the risk of falling down (at present it is not possible for him to do so because he doesn’t have the proper tools nor the sufficient financial resources.) This will be his fifth credit. The socio-economic analysis has determined him to be well-qualified to receive this loan.
Translated from Spanish by Laura Kirkvold, Kiva volunteer.
Carmelo tiene casa propia en la zona de Las Lomas (área suburbana pobre de La Paz) con su esposa (Placida Quispe, vendedora de verduras ambulante) y sus dos hijos. El cliente traba como empleado en construcción, su método consiste en brindar sus servicios en casas particulares (demolición de una pared, refacción, instalación de muebles o empotrado, etc.).
Anteriores créditos le sirvieron para realizar la construcción en obra fina de su vivienda (acabado) pero aún quedan detalles por terminar. Por lo tanto, Carmelo solicita crédito para demoler el muro frontal que por su antigüedad corre el riesgo de caer (él no esta en posibilidades de hacerlo, no tiene las herramientas ni los suficientes recursos financieros). Este será su quinto crédito, el análisis socioeconómico realizado lo califica favorablemente, por lo que puede acceder al crédito.
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.
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