Mr. Fermín O. is 42 years old and has been married for 10 years. He has two young children who attend the local school. His humble income is from cultivating palm hearts. The variations in the price of this product have created an uncertain financial situation in his home. His goal for the loan is to clean his land to begin to harvest and sell the stalks, since they currently have a high market vaule. This will allow him to balance his budget until the next harvest.
El Sr. Fermín O. tiene 42 años de edad, esta casado hace 10 años, tiene 2 hijos pequeños que van a la escuela del pueblo, su pequeños ingresos están referidos a la producción de palmito, producto que por su inestabilidad de precios hizo que, produjera un desequilibrio financiero en su hogar, en tal sentido la razón del crédito, tiene como objetivo la limpieza del terreno, para ya comenzar a cosechar y comercializar los tallos, ahora que los precios de mercado del producto están en alza, y de esta forma equilibrar nuevamente su pequeña economía hasta la próxima cosecha.
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.