Manuel is musical director of a tropical music band. He needs the loan to buy a synthesizing organ and an electric guitar to renovate his instruments because he’s in the process of recording new musical numbers.
He rents his house in the city of La Paz’s 12 de Octubre zone. He’s married and has a son. This is his first loan with IMPRO and Kiva.
El señor Manuel es director de música en un grupo de música tropical. El crédito lo requiere para la compra de un órgano sintetizador, una guitarra electrica para renovar sus aparatos, pues se encuentra en proceso de grabación de nuevos temas musicales. Vive en alquiler vive en la zona 12 de octubre en la ciudad de La Paz; es casado y tiene un hijo. Es primer crédito con IMPRO y KIVA.
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.