He needs a loan in order to build a retaining wall on his property as protection from the rain. For this, he needs to buy bricks, cement, and sand.
Juan's dream is to give his family a home where they can live more comfortably without weather concerns. This is the fourth time that he has applied for a loan with IMPRO, and the first time with Kiva.
Actualmente trabaja como transportista por poco más de diez horas al día ya que es el único que mantiene su hogar.
El crédito lo requiere para poner un muro de contención en su casa para protegerse de la lluvia, para lo cual necesita comprar ladrillos, cemento y arena.
El sueño de Juan es dar a su familia una casa donde puedan vivir más tranquilos sin preocupaciones climáticas.
Es la cuarta vez que solicita crédito junto a IMPRO Y 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