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Francisco
Francisco J. P. has only an elementary school education. He is father to two children who he supports and helps in their education together with his partner. They have few means of support. His partner sells empanadas in an intinerant manner which earns a little income to support the family. He has been working as a motorcycle taxi driver in Ivirgarzama for more than 3 years. He is a member of the “2 de Agosto” motorcycle taxi drivers' union. He has been an active member for more than 3 years. The service which he provides is profitable owing to the high number of people who request this service for its ease, speed and efficiency. The union has stops and shifts for each affiliate in different parts of the town of Ivirgarzama where people turn up to request this service.

This is the first time that Francisco has had a loan from our organization. It will be used to buy a new motorcycle as his current one has already reached the end of its life cycle. This way he will be able to provide a better service to his customers which will allow him to improve his income and also his standard of living.

It must be pointed out that Francisco J. P. appeared in person to request his loan after his work mates told him of the good credit conditions with which our organization works.
View original language description ↓
El Señor Francisco J. P., el curso solo hasta el nivel primario, es padre de 2 hijos a los cuales apoya y ayuda en su educación junto a su pareja, ellos son de bajos recursos, su pareja se dedica a la venta de empanadas ambulante con lo cual genera un poco de ingreso para el sustento de su familia, el se dedica al servicio de moto taxista en Ivirgarzama hace mas de 3 año, el está afiliado al sindicato de moto taxista "2 de AGOSTO”, en el cual esta hace mas de 3 años como socio activo, 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, 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.

Cabe señalar que el señor Francisco J. P., se apersono a solicitar su préstamo luego de que sus compañeros de trabajo le comentaron de las buenas condiciones crediticias con las que trabaja nuestra institución.

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
  • 182
    View loans »
    Bolivia Loans Fundraising
  • $31,008,200
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Francisco a new work tool (motorcycle). Operating capital.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 6, 2010
Listed
Nov 8, 2010
Currency Exchange Loss:
N/A
Ended:
Mar 15, 2011