Miriam has a stand selling candied peanuts; it’s her source of income for family support. This product is very well-received by common folk because eating candied peanuts is a very ancient tradition. She needs the loan to buy ingredients (peanuts and sugar). Miriam is married and has two children. She rents her house located in the city of La Paz’s Pasankeri zone. It is the 14th time she’s worked with IMPRO and the fourth with KIVA.
La señora Miriam tiene un puesto de venta de maní azucarado, es la fuente de ingresos que tiene para mantener a su familia. Este producto es muy bien recibido por el común de la gente ya que es una costumbre muy antigua la de comer dicho maní azucarado. El crédito lo requiere para compra de insumos (maní y azúcar). Miriam es casada, tiene dos hijos y vive en alquiler ubicada en la zona de las Pasankeri de la ciudad de La Paz. Es la décima cuarta vez que trabaja con IMPRO y la cuarta vez con 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.