Vicente is 25 years old, single, and works primarily as a taxi driver. He also has a dairy cow farm and sells milk for additional earnings. Vicente learned dairy cow farming as a teenager, and has had his own dairy cows now for 8 years.
Vicente is going to use this loan from CIDRE to construct a stable for his cows. If the dairy cows are more protected from the weather, they will be healthier and produce more milk.
Vicente hopes to marry his girlfriend Roxana and start a family with her in the near future. He also hopes to help his younger siblings financially, as his parents are aging and he wants to make sure the children attend and complete high school. He himself did not finish high school because he began working instead, so he only finished primary school, and thus he considers educating his siblings extremely important.
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.