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Bolivia > CIDRE

CIDRE, founded in 1981, is a non-profit/NGO that supports and contributes to the development of the farming and livestock sector in rural regions of Bolivia. It aims to do so through the provision of financial services that are timely, and tailored to the needs and potential of their clients.

Currently, CIDRE’s projects are active in five of Bolivia’s nine states, principally in rural areas and in the outskirts of municipalities that they serve—areas where they also work to promote regional development. 89% of its loan portfolio is invested in rural areas, and 49% of those rural clients work in farming, livestock, and dairy production.

Institutional profile:

Mission:

To contribute to the sustainable development of small-level dairy/livestock producers and of rural and semi-urban micro and small businesses, through the provision of quality financial services.

Vision:

To be a leading entity in the provision of financial services, characterized by providing efficient service with sound ethics, creativity, and social engagement with the community.

Available Products:

Below is a brief description of the principal services and/or products provided by CIDRE.

Business Loan: This product is intended to satisfy credit requests from people or businesses who want to borrow $10,000 or more to use for operations or business investment. This loan product is broken down into two categories: production/services and commercial.

Housing Credit: This product is used for the purchase, construction, renovations, or remodeling of a home, which is used as collateral for the loan; amounts range from $1,000 up to 1% of the net worth of CIDRE. This product may not be used for the construction or refurbishment of buildings or other structures that are used for commercial purposes.

Consumer Credit: Designed to meet the needs of individuals for expenditures on consumer goods, payments for services, travel, study, emergencies, remodeling, renovations, and others; offered in amounts from $200 to $10,000.

Individual Microcredit: Designed to provide necessary working or investment capital for farmers, micro-entrepreneurs, or self-employed workers; offered in amounts from $200 to $10,000. This product is broken down into two categories: Individual Microcredit for Production and Services, and Individual Microcredit for Commerce.

Associational Microcredit: Credit designed to finance communal investment. The loan is taken out by group members, who collectively take on the responsibility of paying the group’s debt. Under this model, we authorize loans of up to 3% of the CIDRE’s net worth, but never to exceed $10,000 for each member of the group.

Collateral-based Credit: Designed to provide working, investment, or consumer capital to farmers, micro-entrepreneurs, or self-employed workers, involving CIDRE or a third party taking custody of certain products as loan collateral.