Reina sells “pan de Laja” (It is special bread made in the Laja community. It has the distinctive quality of being very healthful, with little salt and no yeast). She sells it three times a week. She also helps her parents make the bread.
The loan that she needs is to buy ingredients like flour, anise, and eggs in greater quantity.
She lives in her parents’ house, which is located in Laja in the La Paz department. She is single and has one child.
Reina is very happy with the previous loans she was granted. This is the fourth time she has requested a loan from IMPRO, and it is her third time to request a Kiva loan.
La señora Reina, se dedica a la venta de “pan de Laja” (es un pan especial hecho en la comunidad de Laja, que tiene la particularidad de ser un pan muy sano, con poca sal y sin levadura) tres veces a la semana y también ayuda a sus padres en la elaboración de los mismos. El crédito lo requiere para la comprar insumos en mayor cantidad como ser: harina, anis, huevo. Vive en casa de sus padres ubicada en la localidad de Laja del departamento de La Paz, es soltera y tiene un hijo. Reina se encuentra muy satisfecha con los créditos que se le otorgaron anteriormente pues esta es la cuarta vez que solicita un crédito de IMPRO y la tercera a través de 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.