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Froilan
Señor E. J. Froilan is 23 years old, single and doesn't have any children. He is the oldest sibling in his family. His father died when he was a child and since then he and his mother are the sole supporters of the family. He has 5 younger siblings whose education he helps to support. He has been a moto taxi driver in the town of Ivirgarzama for the past 3 years. He has also been an active member of the moto taxi union Carraso for 3 years. The service that he offers is in high demand because it is easy, fast and efficient. This makes it very profitable. The union has stops and turns at different points in Ivirgarzama where people can come and request his services in-person.

This is his first loan with our institution. He will use it to buy a motorcycle to improve his quality of life and that of his family and his siblings will be able to finish their studies.
View original language description ↓
El Señor E. J. Froilan tiene 23 años, es soltero y no tiene hijos, el es el hermano mayor de su familia su padre falleció cuando él era niño, desde entonces el y su madre son el único sustento que tiene su familia, el cuenta con 5 hermanos menores a los cuales ayuda y apoya en su educación, el cliente se dedica al servicio de moto taxista en la localidad de Ivirgarzama hace mas de 3 años, el está afiliado al sindicato de moto taxista "CARRASCO", en el cual esta hace mas de 3 años como socio activo, el servicio que brinda es rentable por la alta demanda de pasajeros que solicitan este servicio por la facilidad, rapidez y eficiencia, el sindicato cuenta con paradas y turnos, en diferentes puntos de la localidad de Ivirgarzama donde las personas se apersonan para solicitar sus servicios.

El cliente es la primera vez que el cliente obtiene un préstamo de nuestra institución cuyo destino será la compra de una motocicleta, para mejorar la vida que lleva y así poder brindarle una mejor calidad de vida a su familia, para que sus hijos puedan terminar de estudiar.

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
  • $29,542,450
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Froilan to buy a motorcycle for his moto taxi business.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 23, 2010
Listed
Oct 21, 2010
Currency Exchange Loss:
N/A
Ended:
Oct 18, 2012