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Lucio
Lucio is married and has 8 independent children. He lives in his own home, occupying four rooms. The home is in El Alto. He receives a pension and also works, providing food services at a bridge club. He works over eight hours a day and uses his meagre income to cover his and his wife's food costs and bills. He will invest this loan in paying labourers to work on his home, because he wants to have more comfort and security. His dream is to finish construction and open businesses or stores in order to improve his income; this is his old age, and his current work is very demanding. For this reason, he wants to have a business in his own home.
View original language description ↓
LUCIO es casado y tiene ocho hijos los cuales son todos independientes, viven en casa propia ocupando cuatro habitaciones, la casa se encuentra ubicada en la ciudad de El Alto.
Actualmente percibe una renta de jubilación y también trabaja prestando servicio de comida en un club de bridge, por mas de ocho horas al día y con los pocos ingresos que tiene debe cubrir los gastos de alimentación y pago de servicios de el y de su esposa.
El crédito solicitado lo invertirá en el pago de mano de obra para la construcción de su vivienda ya que desea tener mas comodidad y seguridad.
El sueño de lucio es concluir con la construcción de su vivienda y poner negocios o tiendas para mejorar sus ingresos ya que el es de la tercera edad y el trabajo que realiza actualmente es muy agotador, es por eso que desea tener un negocio en su misma vivienda.

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 Housing Loans

Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.

Tags

About Bolivia

  • $2,817
    Average annual income
  • 109
    View loans »
    Bolivia Loans Fundraising
  • $28,248,925
    Funds lent in using Kiva
  • 6.9
    Bolivia Bolivianos (BOB) = $1 USD
Paying Back

This loan has been fully funded!

A loan of $1,450 helped Lucio to improve and expand his four-room home.
41% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 11, 2014
Listed
Feb 16, 2014
Currency Exchange Loss:
Possible