Mr. P. has one employee. The loan will be used to buy tools and raw materials in order to satisfy the demand for his services from his clientele.
This is his third credit with Impro. His history with this institution classifies him as "Client 1", that is to say, with excellent fulfillment of the payment of his obligation.
His previous credit history allows him access to this new loan, since he has experience in his business.
Translated from Spanish by Erin Corcoran, Kiva volunteer.
Historia del Cliente: El Sr. Martín P. Quispe se dedica al mantenimiento de vehículos (Arreglo de muelles y balatas). Vive en la Calle Sud Lipe de la ciudad de El Alto, su taller se encuentra ubicado en la Av. Buenos Aires de la Ciudad de La Paz. Tiene 36 años y 6 hijos, todos menores de edad y bajo su dependencia.
El Sr. Martín trabaja con un empleado; y el destino del crédito será para compra de herramientas y materia prima para satisfacer la cantidad de demanda de clientela.
Es su tercer crédito en Impro, su historial en nuestra institución califica como cliente 1, es decir con cumplimiento excelente de pago de su obligación.
Sus antecedentes crediticios le permiten acceder a este crédito ya que tiene experiencia en su negocio.
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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