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41-year old Señor Rufino Fernández T. lives with his partner and has seven children to support and provide with education. Both he and his eldest son work to provide for the family. Rufino has worked as a taxi driver for more than six years in the area of Ivirgarzama with the Carrasco taxi service. His son has worked for about two years as an assistant to a bricklayer.

The company that Rufino works for has taxi ranks and shifts for each of its drivers in different places in Ivirgarzama where people can go to find a taxi. It's a well-paid job as he provides fast and efficient service to his many customers.

This is the first time that Rufino has sought a loan from our institution. He plans to use it to buy a new motorcycle so that his oldest son can join the taxi company and they can improve their family's standard of living.
View original language description ↓
El Señor Rufino Fernández T. tiene 41 años, el vive en concubinato y es padre de siete hijos a los cuales ayuda y apoya en su educación, por lo cual tanto su hijo mayor como el trabajan para sustentar a toda su familia, El cliente se dedica al servicio de moto taxista en la localidad de Ivirgarzama hace mas de 6 años, el está afiliado al sindicato de moto taxista "CARRASCO", y su hijo trabaja como ayudante de albañil como unos 2 años, el servicio que brinda es rentable por la alta cantidad de personas que solicitan este servicio por la facilidad, rapidez y eficiencia. El sindicato cuenta con paradas y turnos para cada afiliado, en diferentes puntos de la localidad de Ivirgarzama donde las personas acuden para solicitar dicho servicio.

Es la primera vez que el cliente obtiene un préstamo de nuestra institución cuyo destino será la compra de una nueva motocicleta, para que su hijo mayor trabaje en el sindicato y puedan mejorar la calidad de vida que lleva y la de su familia.

Additional Information


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
  • 153
    View loans »
    Bolivia Loans Fundraising
  • $33,535,800
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $850 helped Rufino to buy a new motorcycle to use as a taxi.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Sep 17, 2010
Oct 18, 2010
Currency Exchange Loss:
Dec 15, 2011