Elizabeth recently graduated from university. Not having found employment, however, she makes desserts (pastries, cakes, etc.) which she sells in a busy part of the city.
She plans to use the loan to purchase ingredients in bulk to reduce her costs. This is her first loan from IMPRO, which performed an assessment qualifying her for the loan.
Translated from Spanish by Todd M. Anderson
Elizabeth vive en la Avenida n. 5 de la zona Puerto Mejillone en la ciudad de El Alto. Ella es soltera, vive en la casa de sus padres.
Aunque ella es egresada recientemente de la universidad, por la falta de trabajo se dedica a la elaboración de productos de repostería, (masas, queques y otros) los cuales los vende en una zona principal de la ciudad.
El crédito lo destinara para compra de insumos, al por mayor y así disminuir sus costos. Es el primer crédito con IMPRO, la evaluación realizada la califica para otorgarle el préstamo.
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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Success!! The loan was 100% repaid