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IMPRO is a microfinance institution whose mission is to support the development of small-scale economic activities in order to improve the incomes of vulnerable families. It thus supports the economic and social development of communities in the disadvantaged neighborhoods of La Paz and El Alto, the working-class suburb of the Bolivian capital.
Bolivia is a democratic republic where the poverty rate reaches 37% of the population, despite its wealth in metals such as tin, silver, and lithium. The current president, from the Movimiento al Socialismo (MAS), faces recurring protests over social issues. Furthermore, the country is currently experiencing a significant banking and financial crisis with visible consequences in the microfinance sector, which risks worsening the situation for the populations served by IMPRO.
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.
