Mario is a carpenter and he likes to make musical instruments. He has two helpers. He lives at his parents’ house. Mario helps his parents to support his younger brothers. Mario needs a loan to buy wood for his business. The carpentry workshop is at his parents house. He would like to move in the future.
This loan is special because:
More about this loan
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.