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Margarita
29-year old Margarita lives with her husband and their four children (aged 10, 8, 6 and 1). They do not have much money because they’ve only been together for five years and already have four children. They live in the town of Cochabamba in the Machacmarca area. As they do not own their own house, they live in their parents’ house which they will inherit one day.

Margarita’s main job is producing raw milk, and she currently has three cows. She takes the milk to a factory which makes milk products. Her husband is a mechanic, going round to people’s houses to work on their cars. As he has no fixed place of work, he doesn’t work every day so money is sometimes in short supply.

This loan will be used to buy another cow so that more milk can be produced and income increased.

One of Margarita’s goals is to own even more cows so that she one day will have a small farm with herd of at least twenty. She also would like to add on to the house she will inherit from her parents so that each child has his/her own room. At the moment there are only two bedrooms, one of which is for the four children, an inconvenient arrangement, and one for the parents.
View original language description ↓
La señora Margarita tiene 29 años viven con su conviviente, juntos tienen 4 hijos (10, 8,6 y 1) son una familia de escasos recursos económicos ya que apenas están 5 años juntos y ya tienen 4 hijos.

Viven en la Ciudad de Cochabamba en la localidad de Machacmarca, no tienen su casa propia viven en la casa de sus padres que en el futuro heredaran dicha casa. La principal actividad del cliente es la producción de la leche cruda, actualmente solo cuenta con 3 cabezas de ganado lechero cuyo producto entrega a una empresa que se dedica a la elaboración de productos lácteos. Así como también el esposo trabaja de mecánico a domicilio, como no trabaja en una empresa fija no todos los días tiene trabajo razón por lo cual el dinero no alcanza para los gastos de la semana.

El préstamo será destinado para la compra de una cabeza de ganado lechero, para de que de esta manera pueda incrementar la producción de la leche y pueda mejorar sus ingresos.

Entre sus sueños y metas de la señora margarita esta aumentar la cantidad de cabezas de ganado lechero, tener por lo menos una pequeña granja de 20 cabezas de ganado lechero, realizar una nueva construcción de su casa que le heredara sus padres, lo cual tenga una habitación para cada hijo, ya que actualmente solo cuentan con 2 habitaciones uno para los 4 hijos donde están muy incómodos y el otro para los padres.

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
  • 76
    View loans »
    Bolivia Loans Fundraising
  • $28,055,575
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Margarita to buy a cow.
100% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 30, 2010
Listed
May 11, 2010
Currency Exchange Loss:
N/A
Ended:
Dec 15, 2011