Osmar works for one of the telephone companies that exist in La Paz Department. He lives with his wife and newborn daughter in his parents’ house located in the city of El Alto’s Río Seco zone.
He needs the loan to pay tuition and fees at the university he’s attending so he can continue with his studies and improve his quality of life. Osmar’s dream is to become a professional. This is his first loan request to IMPRO and KIVA.
Osmar trabaja como empleado en una de las empresas de telefonía que existen en el Departamento de La Paz; vive con su esposa y su hija recién nacida, vive en casa de sus padres en la zona de Rio Seco de la Ciudad de El Alto.
El crédito lo requiere para el pago de pensiones y matricula en la Universidad donde estudia; de esta manera continuar con sus estudios y mejorar su calidad de vida.
El sueño de Osmar, es llegar a ser profesional.
Es la primera 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.