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Alejandro
Alejandro A. M., 28, has lived with Elsa Olivera Muñoz for over ten years. They have two dependent minor children and live in the Aguirre sector which is located 42 km from Cochabamba. Alejandro is a construction worker who builds housing in the same area. He is a humble but hard-working person and needs the money to purchase a plot of land in order to build his own house. It is very difficult to go to the Banks in the city for it where they have many requirements.

CIDRE took the iniciative of going into that area and granting loans and Alejandro is very happy to have been able to get a loan from them. Now he will be able to purchase the lot that was for sale and so will have his housing and be able to provide greater comfort to his family.
View original language description ↓
El señor Alejandro A. M. tiene 28 años convive con la Señora Elsa Olivera Muñoz más de 10 años, tienen 2 hijos menores dependientes, viven en sector de Aguirre que está ubicado a 42 km de la ciudad de Cochabamba, Don Alejandro es albañil realiza construcción de vivienda en la misma zona, es una persona humilde pero trabajador, el necesita dinero para comprar lote de terreno, para poder construir su vivienda propia, para ello es muy difícil acudir a los Bancos de la ciudad y les piden muchos requisitos,

El cidre tuvo la iniciativa de ir a esa zona y otorgar crédito, Alejandro está muy contento de haber conseguido un crédito de cidre, ahora va poder comprar el lote de terreno que estaba en venta, así va tener su vivienda, y podra mas comodidades a su familia.

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
  • 86
    View loans »
    Bolivia Loans Fundraising
  • $29,017,150
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Alejandro to purchase a small lot in order to build his home.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 3, 2010
Listed
Aug 14, 2010
Currency Exchange Loss:
N/A
Ended:
Jul 15, 2011