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Edwin
Edwin Solís C., 25, is married to Miguelina Marquina, 27, and they have a 4-year-old daughter. They live in Palca Grande, 90 kilometers from the city of Sacaba. They are humble, low-income people that lack funds to enlarge their grocery store. They sell basic needs items: rice, sugar, pasta, cooking oil, salt and liquefied gas. Additionally, they farm tubers (potatoes). The community is quite removed from the city; public transportation in the area is sporadic, buses are available once a week only.

Edwin lacks funds to increase his grocery inventory so he needs funding to do so. His store is the only one in the area that provides these basic need items. It is very difficult for them to go to traditional banks in the city to solicit loans. CIDRE is closer and works with rural communities so they are able to call upon it to request loans to improve their business.

Edwin’s wife, Miguelina, tells us that her greatest dream is that her daughter become a nurse. In order for this to happen, she must have funds enough and savings to pay for her studies. Her hope is that she would later come back to work in the community because many women suffer illnesses and her daughter could then help the humble people of her community.
View original language description ↓
El Señor Edwin Solís C. tiene 25 años, está casado con la Señora Miguelina Marquina tiene 27 años, tienen una hija de 4 años, ellos viven en la comunidad de palca grande a 90 km de la ciudad de Sacaba, son personas humildes de escasos recursos , no tienen capital para ampliar el negocio de venta de abarrotes, en la tienda tienen los productos de primera necesidad; arroz, azúcar, fideo, aceite, sal y gas licuado, por otro se dedican a la producción de tubérculos (papa), la comunidad se encuentra muy alejado de la ciudad, el transporte a la zona es muy escaso los camiones solo salen una vez a la semana.

El Edwin no tiene capital para agrandar la tienda de abarrotes, por lo tanto necesita un capital para agrandar la tienda, en la zona es la única tiendo donde provee estos productos de primera necesidad, por lo tanto para ellos es muy difícil acudir en busca de préstamo a los bancos a la ciudad, CIDRE se encuentra más cerca y trabaja con la comunidad rurales se encuentra cerca donde ellos pueden acudir a un préstamo para mejorar el negocio que tienen.

La esposa de Edwin, doña Miguelina nos comenta que su mayor sueño es sacar a su hija una enfermera en salud y para que su hija estudie y salga profesional quiere tener suficiente capacidad económica y tener ahorros en un banco para hacer estudiar y luego trabajaría en la misma comunidad según ella machas mujeres sufren de mucho enfermedades así su hija puede ayudar a la gente humilde de la comunidad.

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
  • 179
    View loans »
    Bolivia Loans Fundraising
  • $30,784,250
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Edwin to buy stock inventory.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Mar 18, 2010
Listed
Mar 25, 2010
Currency Exchange Loss:
N/A
Ended:
May 15, 2011