Hilarion has requested a loan from CIDRE (Centro de Investigation y Desarrollo Regional, or Regional Center for Research and Development) that will be used to expand his cultivation of citrus fruits on his farm. Recently, he bought a plot of land in an urban area where he is constructing a home. Hilarion hopes this loan will help him to increase his earnings so he will be able to finish construction on his home and so raise his family's quality of life.
This loan is located in the Chapare region of Bolivia’s Cochabamba Department. Chapare is Bolivia's largest producer of coca used for illegal cocaine production. Part of CIDRE's mission in Chapare is to give low-interest loans to both incentivize and encourage these farmers to cultivate alternative crops rather than coca. Alternative-to-coca programs like CIDRE's help ensure that these farmers will be incorporated into a legally regulated and consequently more sustainable sector of the economy.
About CIDRECIDRE 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.
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