Gerbasio is a master mason who works on contract. He needs the loan to buy construction materials such as cement, stucco, sand, and beams. This business is his source of income for covering his family’s expenses. He lives in his own house, which is located in the Villa Ingenio neighborhood of the city of El Alto. He is a widower and has four children. He has been very happy with the loans he has been granted, as they have improved his quality of life.
El señor Gerbacio, es maestro albañil, y trabaja a contrato, el crédito lo necesita para la compra de material de construcción como ser: cemento, estuco, arena, vigas. Esta actividad es la fuente de ingresos que tiene para cubrir los gastos de su familia. Vive en casa propia ubicada en la zona de Villa Ingenio de la ciudad de El Alto; es viudo y tiene cuatro hijos. El cliente se encuentra muy contento con los créditos que se le otorgaron y mejoro la calidad de vida.
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.