Sra. Luis is a candy merchant who distributes his products to stores and schools in the city of La Paz. The loan he is requesting will be used to buy a wide variety of candy and chewing gum. This business provides a source of income to cover his children’s expenses. Luis lives in a rental property in the District of Alto San Pedro in the city of La Paz. He is divorced and has four children.
El señor Luis es comerciante de golosinas (dulces) las mismas reparte en tiendas y colegios de la ciudad de La Paz; el crédito lo requiere para la compra de gran variedad de dulces y chicles (chewing gums), pues esta actividad es la fuente de ingresos que tiene para cubrir los gastos de sus hijos. Vive en alquiler en la zona de Alto San Pedro de la ciudad de La Paz, es divorciado y tiene cuatro hijos.
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.