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Elena
Elena Muñoz V., 37, is a single mother of a 17-year-old son who is in secondary school. They live with her parents in a rural area of Canco towards the north of Colomi.

Elena tells us that she used to be primarily a famer but didn’t do too well economically so she decided to go into animal raising and cheese and milk sales.

CIDRE had the opportunity to travel through the area and Elena approached us to consult regarding her need of funds to buy a nursing dairy cow and oats (forage) for her cattle.

Raising cattle provides the higher income and makes it possible for her to keep her son in school until he becomes a professional since she never had the chance to even finish elementary school because her parents were of such scarce resources. She intends finally to live more comfortably alongside her parents who are now senior citizens.
View original language description ↓
La señora Elena Muñoz V. tiene 37 años de edad es madre soltera con un hijo de 17 años de edad que estudia en nivel secundaria viven junto a sus padres en zona rural comunidad Canco hacia el norte del Municipio de Colomi, La señora Elena nos cuenta que mas antes su actividad principal era producción agrícola lo cual no le fue bien económicamente, de tal modo ahora se dedica más a la actividad pecuaria venta de queso y leche.

La institución CIDRE tuvo la oportunidad de pasar por la zona, lo cual la señora Elena se acerco a consultarnos que necesita un crédito para comprar una cabeza de ganado vacuno lechero con cría y avena (forraje) para sus ganados, en la actividad pecuaria obtiene mejores ingresos económicamente que permite mantener en su estudio de su hijo hasta que salga profesional ya que ella no tenia oportunidad para terminar ni nivel primaria porque sus padres eran de pocos recursos económicos, finalmente ella piensa vivir más cómodos junto a sus padres que son ya de la tercera edad.

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
  • 198
    View loans »
    Bolivia Loans Fundraising
  • $31,028,500
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Elena to buy dairy cows and animal feed for them.
100% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Aug 27, 2010
Listed
Sep 13, 2010
Currency Exchange Loss:
N/A
Ended:
Oct 18, 2012