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IMPRO is a microfinance institution whose mission is to support the development of small-scale economic activities to improve family incomes and support community development in the disadvantaged neighborhoods of La Paz and El Alto, the working-class suburbs of the Bolivian capital.
Bolivia is a democratic republic with a poverty rate of 39%, despite its wealth of metals such as tin, silver and lithium. The political environment is very worn. The current president, a member of the Movimiento al Socialismo (MAS), is facing recurrent protests over social issues. What’s more, the country is currently going through a major banking and financial crisis, the consequences of which are being felt by the microfinance sector, which risks worsening the situation of the populations served by this partner.
IMPRO mainly targets microentrepreneurs, over 50% of whom are women. Its social vocation is also reflected in its lending procedures: IMPRO has developed its own method for assessing the level of “poverty”. This assessment is taken into account when decisions are made to grant credit. For the most vulnerable profiles, this can have an impact on loan conditions, which can be better adapted to their situation.
