Lusmila rents her party venue each weekend to cover the costs of food, electricity, her son's education, and other expenses. She needs credit for the renovation of the party room to offer better quality and to improve her income and quality of life. Lusmila's dream is that her son will finish his studies. This is her first time with IMPRO and also with Kiva.
Luzmila alquila su salón de fiestas cada fin de semana, para cubrir sus gastos de alimentación, luz, agua, educación de su hijo y otros
El crédito lo requiere para la refacción de su salón de fiestas para ofrecer mejor calidad y así mejorar su sus ingresos y calidad de vida.
El sueño de Lusmila es que su hijo termine sus estudios
Es la primera vez con IMPRO y la primera 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