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Fernando
Mr. Fernando is 23 years old. He has a spouse and two children that he helps and supports with their education. Since he was young he has worked in many different fields. He was a father at a young age. The responsibility of fatherhood has caused him to mature and go to work at an earlier age. Today he is a responsible person and he tries to provide the best that he can for his family. His wife sells empanadas (filled dough pastries) and sodas. In this way she makes money and is able to help with the household expenses. He works as a motor-taxi driver with the CARRASCO Company. He has worked in Ivirgarzama for the past six years. The service he provides is profitable because of the large quantity of customers that request his convenient and high-quality services. The company awards stops and turnabouts to each affiliate. These are located at different points in the city of Ivigarzama. The stops are located where customers need the taxi service.
This is the first time that this customer has obtained a loan from our institution. He will use the loan to buy a new motorcycle. He is finished with his current contract. This is a way that he can bring better service to his customers. In this way he can improve his earnings and thus improve the quality of his life.
View original language description ↓
El Señor Fernando V. C. tiene 23 años, el vive en concubinato y es padre de dos hijos a los cuales ayuda y apoya en su educación, él desde muy joven empezó a trabajar en diferentes actividades, porque fue padre a muy corta edad desde entonces la responsabilidad como padre hizo madurar y trabajar muy temprano, hoy en día el cliente es una persona muy responsable y trata de brindar una mejor vida a su familia, su esposa se dedica a la venta de empanadas y refresco, para tener un mejor ingreso y así poder ayudar a su esposo con algunos gastos en su hogar, él trabaja como moto taxista en el sindicato “CARRASCO” en la localidad de Ivirgarzama, donde esta mas de 6 años como socio activo, el servicio que brinda es rentable por la alta cantidad de personas que solicitan este servicio por la facilidad y calidad del servicio. El sindicato les otorga paradas y turnos a 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, debido a que la que tiene actualmente ya cumplió su ciclo de trabajo y de esta forma poder brindar un mejor servicio a sus clientes lo que le permitirá también mejorar sus ingresos consecuente mente mejorar su calidad de vida.

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
  • 230
    View loans »
    Bolivia Loans Fundraising
  • $31,576,425
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Fernando working capital which will be used to buy a new tool for his work.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 23, 2010
Listed
Oct 25, 2010
Currency Exchange Loss:
N/A
Ended:
Dec 15, 2011