José Luis is single and has no children. He lives in a house under the ‘anticrético’ modality [transaction whereby a property owner requests a "loan" from you in exchange for housing, which must be paid back to you at the end of your contract. If your loan is not repaid, the property owner could lose the property to you] located in the city of El Alto’s Ciudad Satélite zone.
He completed secondary school and currently has a neighborhood store where he sells a wide variety of goods like milk, cookies, various brands of soft-drinks, and others. In addition, José Luis is also a taxi driver and works two nights per week using his brother-in-law’s vehicle.
He needs the loan to buy ice-cream and frozen hamburgers which is what his customers request most often. Acquiring these items will increase his working capital and his income will increase likewise.
José Luis’ dream is to own a store (that is, a larger store with a wider variety of products). This is his second loan request to IMPRO and first to KIVA.
Jose Luis es soltero y no tiene dos hijos, viven en casa en anticretico, la casa se encuentra ubicada en la zona Ciudad Satélite de la ciudad de El Alto.
El estudió hasta el nivel secundario, actualmente tiene una tienda de barrio donde vende una gran variedad de productos como ser: leche, galletas, refrescos de distintas marcas y otros; además, Jose Luis es taxista y trabaja dos noches por semana con la movilidad de su cuñado.
El crédito lo requiere para adquirir helados y hambuguesas congeladas, ya que es lo que su clientela le exigen con mayor frecuencia. Adquiriendo estos productos su capital de trabajo aumentaria y sus ingresos de igual manera.
El sueño de Jose Luis es tener un almacen (es decir una tienda más grande con mayor variedad de productos).
Es la segunda vez que solicita crédito junto a IMPRO y la primera vez 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.