Ivan is 26 years old, single, and lives with his mother. He lives in the Cercado Province of Cochabamba Department in Bolivia. He runs a small shop where he sells various merchandise. The shop is not only a source of income, but also provides his family with their food. Ivan also works as an auditor for a local construction company. Work as an auditor is becoming tougher to find for Ivan, as more students graduate from university each year with qualified auditing skills.
With this loan from CIDRE, Ivan will purchase more merchandise for his shop. He hopes to increase both the quantity and variety of products he sells.
CIDRE is a Bolivian microfinance institution with a strong social commitment to the community. It works to provide quality financial services to rural and peri-urban borrowers, focusing primarily on agricultural loans for dairy farmers and micro-enterprises. CIDRE targets segments of the population that have not traditionally had access to credit, and invests in much-needed community development projects. It is currently working with coca farmers in the Chapare region to replace coca with less controversial crops. Get more involved by joining the Friends of CIDRE lending team.