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Juan
Juan, 43, works as a farmer and as a bricklayer. When Juan was a little boy, his father abandoned their family. At that point, to help support his family, Juan learned agriculture and dairy cow farming. Juan has been married for over twenty years, and has six children whose ages range from 2 to 19 years. They are a poor family with few economic resources. Their oldest daughter, who could only attended primary school, is now working in Argentina and sending helpful remittances back to her family.



Juan lives in a small home in the community of Chaupisuyo, which is in the city of Cochabamba. He has three dairy cows that produce milk. Juan sells the milk to a business that turns it into various milk products. This loan will be used to purchase another dairy cow, which will help Juan grow his milk production. That will help him increase his profits and improve the quality of life for his family. He hopes to use the extra earnings to remodel his home and help his five younger children pursue professional careers.

Additional Information

About CIDRE

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.

About Bolivia

  • $2,817
    Average annual income
  • 108
    View loans »
    Bolivia Loans Fundraising
  • $28,245,800
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Juan to purchase another dairy cow.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 26, 2009
Listed
Nov 6, 2009
Currency Exchange Loss:
N/A
Ended:
Jul 15, 2011