He needs the loan for finishing a wall around his house in order to give his family more security.
Marcelino is married. He lives with his wife, who sells vegetables at a market, and his two children in his mother-in-law’s house in the Puerto Mejillones area of the city of El Alto.
This is the first time that he has worked together with IMPRO and Kiva.
El crédito lo requiere para el acabado de un muro en su casa, para dar más seguridad a su familia.
Marcelino es casado, vive con su esposa la cual vende verduras en un mercado y sus dos hijos en la casa de su suegra en la zona Puerto Mejillones de la ciudad del Alto.
Es la primera vez que trabaja junto a IMPRO y KIVA.
About IMPROIMPRO 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.
About Housing Loans
Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.
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Success!! The loan was 100% repaid