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Norberto
Norberto Terán R., 51, lives alone with his 4 children. He works every day in his carpentry shop making furniture (tables, chairs, armoires, doors and windows).

Norberto lives in Colomi, an area along the Cbba-Santa Cruz highway; his shop is in his home. His home is also his store. He also makes items to order. He is well-known in the area for the work he does and for being a very hard-working person, who delivers his completed orders on time.

He will use the funds to buy wood for his shop. Wood has gone up in price and what he had planned to spend now isn’t enough. He hopes to increase his supply of wood so that he can make more furniture. A future loan will make it possible for him to earn enough to make improvements to his home and quality of life.
View original language description ↓
El señor Norberto Terán R. tiene 51 años. El señor Norberto vive solo con sus 4 hijos, trabaja todos los días en su carpintería fábrica inmuebles (mesas, sillas, roperos, camas, puertas y ventanas).

El señor Norberto vive en colomi zona este sobre la carretera Cbba-Santa Cruz, en su domicilio es donde tiene su carpintería. Todo los inmuebles lo que hace, vende en el mismo domicilio, que también realiza pedidos al gusto del cliente. El señor Norberto es conocido en la zona por la actividad a la cual se dedica y por ser una persona muy trabajador; Que también entrega puntual a los pedidos que tiene.

El préstamo será destinado a la compra de madera para su taller de carpintería, fabricar inmuebles (mesas, sillas, roperos, puertas, camas y ventanas) el cual tuvo una elevación de precio y lo que tenía planeado gastar ahora no le alcanza. El señor Norberto espera poder incrementar con la compra de más madera fabricara mas inmuebles, con un siguiente préstamo de tal forma que gane lo suficiente para poder mejorar su casa y mejorar su calidad de vida.

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

  • $5,500
    Average annual income
  • 195
    View loans »
    Bolivia Loans Fundraising
  • $31,028,500
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Norberto to buy wood.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 6, 2010
Listed
Mar 17, 2010
Currency Exchange Loss:
N/A
Ended:
Feb 15, 2011