She currently has income from her pension and from an anticretic loan on a room in her houses. (An anticretic loan is a legal term whereby a landlord can let a tenant live in a room, two rooms, or an apartment, for an agreed amount on signing the contract and for a fixed period of time. At the end of this, the landlord must return the money to the tenant, who must vacate the premises). She is requesting this loan to return this aniticretic money, as she wants her daughter to live with her. This is because the money her daughter earns is not sufficient to support her children, as she is a single mother and lives in a rental. In this way Martha will be able to help her daughter to save money on rent, and to invest this money in food and education for her children.
Martha's dream is to build more rooms to help provide comfort and security for her children, as they don't earn much.
This is her first time working with IMPRO and her first time with Kiva.
Actualmente obtiene ingresos de su jubilación y del anticretico de un cuarto de su casa (anticretico es una figura legal por la cual un dueño de casa puede dejar vivir a un inquilino en una habitación, dos habitaciones o un departamento, por un monto acordado a la firma del contrato y por un tiempo establecido, al cabo del cual el dueño de casa debe devolver el dinero al inquilino y éste desalojar el inmueble), es por eso que solicita el crédito para devolver ese anticretico ya que desea que su hija viva con ella por que el dinero que gana su hija no le alcanza para mantener a sus hijos ya que es madre soltera y vive en alquiler. De esa forma Martha podrá ayudar a su hija a ahorrar en los alquileres e invertir ese dinero en la alimentación y estudios para sus hijos.
El sueño de Martha, es construir más habitaciones para ayudar a sus hijos brindándoles comodidad y seguridad ya que no cuentan con muchos ingresos.
Es la primera vez que trabaja junto a IMPRO y la primera vez con 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