Hugo is a taxi driver. He completed high school and lives at his parents house, using three of their rooms that are made of bricks and wooden floors. The house is in the Bajo Llojeta area of the city of La Paz.
Hugo works eight hours a day to cover costs such as food, water and electricity.
Hugo needs this loan to increase his capital as he will buy the taxi that he drives as he currently only rents it. Buying it will improve his income.
This is the first time he has borrowed from IMPRO and Kiva.
El señor Hugo es transportista del servicio público (taxista , su nivel de educación es secundaria, vive en casa de sus padres ocupando 3 habitaciones en un acabado de ladrillo y piso de machimbre en la zona de Bajo Llojeta de la ciudad de La Paz.
Hugo trabaja más de 8 horas al día para cubrir sus gastos de alimentación, luz, agua y otros.
El crédito lo requiere para aumentar su capital ya que comprará el taxi que maneja, pues es solo alquilado, y así mejorar sus ingresos.
Es la primera vez con IMPRO y la primera 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.