Check out other loans that are currently fundraising!
Teofilo
Mr. Teofilo P. C. is 40 years old and has been married to Mrs. Hilaria Torrez Bautista for more than 15 years. He works in his farm or agricultural lot to produce tropical fruits such as bananas and oranges. His wife helps him with the work of maintaining the fruit plantations. They sell their products from this location.


Mr. Teofilo P. Condoria lives in the area of Senda E, in Chimore. It is a fairly remote area from the city and therefore for them it is difficult to access banks in search of loans. It was for this reason that CIDRE took the initiative to open an agency in this area and we discovered that the state in which they work has very difficult conditions because of the tropical climate and the 4-kilometer distance that he has to travel every day from his house to his farm. Because of this Mr. Teofilo will use this loan to buy a motorcycle and be able to dedicate more time to maintaining his farm and therefore with his family.


Mr. Teofilo tells us that his biggest dream is to continue producing tropical fruits and increasing his crops and to be able to see his children and grandchildren have a better future and that one day he will have a well-established plantation in order to leave them an inheritance that helps them in life. Because every day gets harder in this country.
View original language description ↓
El Señor Teofilo P. C. tiene 40 años y está casado con la Señora Hilaria Torrez Bautista por más de 15 años, El señor se dedica en su chaco o lote agrícola a la producción de frutas tropicales como el banano y naranja, y su esposa le ayuda con los trabajos de mantenimiento de las plantaciones de frutales, sus productos vende en el lugar.

El Señor Teofilo P. C. vive en la zona de Senda E, en Chimore, es una zona bastante alejada de la ciudad y por lo tanto para ellos es difícil acudir a los bancos en busca de préstamo por eso fue que el CIDRE tuvo la iniciativa de abrir una agencia en esta zona y descubrimos que el estado en el que trabajan es en condiciones muy difíciles por el clima del trópico y la distancia de cuatro kilómetros que tiene que recorrer todos los días desde su casa hasta su chaco, por tanto el señor Teofilo utilizara este crédito para comprar una motocicleta y poder dedicar más tiempo al mantenimiento de su chaco y por ende con su familia.

El Señor Teofilo nos cuenta que su mayor sueño es continuar con la producción de frutas tropicales ampliando sus cultivos y ver a sus hijos y nietos tener un futuro bueno y que algún día tenga una plantación bien establecida para dejarles una herencia a sus hijos que les ayude en la vida. Que cada vez está más dura en el país.

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
  • 130
    View loans »
    Bolivia Loans Fundraising
  • $29,659,500
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Teofilo purchase of a motorcycle.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 5, 2010
Listed
Feb 25, 2010
Currency Exchange Loss:
N/A
Ended:
Mar 21, 2012