The young girl is now seven years old and they have to take her to school, pick her up, and give her the attention that she deserves, but because of the time and the location of work and the school, it is difficult to be able to do everything for their granddaughter, and therefore they need to have a home closer to work and school, since the grandparents of the child are too old to have these kinds of responsibilities. Therefore they are requesting a loan so that they can rent a home and change locations to a more public place closer to their business. Additionally they want to save more money for raising their little granddaughter, which is the reason for the grandparents' existence.
About CIDRECIDRE 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 Housing Loans
Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.
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