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Benedicto
Mr. Benedicto Solís López is 28 years old and has been living with Mrs. Emeteria Robles Urey for more than 12 years. They have 4 dependent children who attend an elementary school in the rural community. The main activity here is agriculture. He grows potatoes on 2 hectares (20,000 square meters) in the Liquintaya area. They live 56 km from the city and to come all the way to the banks to request a loan is very difficult.


Field Partner Cidre took the initiative to go to rural areas. Mr. Benedicto Solís López needed money to buy organic fertilizer to sow in this agricultural countryside. Benedicto tells us he has little land to sow on but others have large amounts of land that they are offering him to work on. To be able to do that he needs materials to sow and grow more potatoes to make a highest possible profit which will allow him to save up money to buy his own land and let his children study.

View original language description ↓
El señor Benedicto Solís López tiene 28 años convive con la Señora Emeteria Robles Urey mas de 12 años, tiene 4 hijos menores dependientes que estudia en nivel primaria en la escuela rural de la comunidad, la actividad principal es la agricultura produce papa en terreno que tiene 2 hectáreas sector Liquintaya, Benedicto y su familia son familia humilde de poco recursos pero muy trabajadores, están a 56 km de la ciudad para ellos acudir a los banco para un préstamo de dinero es muy difícil.

El Cidre tuvo la iniciativa de ir a esta zona rural. donde Don Benedicto Solís López necesitaba dinero para comprar abono orgánico para la siembra de esta campaña agrícola, Benedicto nos comenta que tiene poco superficie de terreno para sembrar, pero otras personas tienen tierras agrícolas grandes y a él ofertan para que trabajara en su terreno al partido y para ello necesita capital para sembrar en los terrenos y producir más papa y tener ingreso económico mayor que le permite ahorrar dinero para comprar terreno agrícola propio y hacer estudiar a su hijos.

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
  • 100
    View loans »
    Bolivia Loans Fundraising
  • $29,481,750
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $725 helped Benedicto the purchase of seeds and fertilizer to grow potatoes.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Jul 30, 2010
Listed
Aug 15, 2010
Currency Exchange Loss:
N/A
Ended:
Jul 15, 2011