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Victor
Víctor is a young man of 18. He is the youngest of four siblings and has just returned from Argentina where he worked for a dressmaking company for 3 years. He belongs to a family of few economic means which means that he hasn't managed to study, even for his high school diploma. He only studied up to third grade.

Víctor lives with his mother in Maica Central community. He lives in a room which is still not yet fully built.

Víctor currently works producing raw milk like his mother and siblings. With the savings he made from his work in Argentina, he bought 3 heads of dairy cattle. He also works as a construction worker with his uncle, who is a contractor, while his mother looks after the cattle. However, every morning Víctor goes out very early to collect fodder for the day.

Víctor will use his loan to buy another head of dairy cattle so that he can increase his milk production. His dreams and goals are to build his own house on a plot of land that his mother will give him as an inheritance and, most importantly, grow in his milk-producing business.
View original language description ↓
Víctor es una joven de 18 años, es el hijo menor de 4 hermanos, acaba de volver de la republica de la argentina donde estaba 3 años trabajando en una empresa de costura, pertenece a una familia de escasos recursos económicos razón por la cual no ha llegado a estudiar ni siquiera hasta el bachillerato solo ha llegado a estudiar hasta la 3 grado.

Víctor vive en la comunidad de la maica central con la madre en una habitación que todavía no ha terminado de construirse.

Víctor en la actualidad se dedica a la producción de la leche cruda como su madre y sus hermanos, con los ahorros de su trabajo en Argentina se compró 3 cabezas de ganado lechero también trabaja de albañil con su tío que es contratista mientras la madre le cuida el ganado pero todas la mañas muy temprano va a recoger forraje para todo el día.

El préstamo será destinado para la compra de otra cabeza de ganado lechero, para que de esta manera pueda incrementar la producción de la leche.
Entre sus sueños y metas es construir su propia casa, en un terreo que su madre le heredara y lo más importante, crecer en su actividad de producir leche.

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
  • 74
    View loans »
    Bolivia Loans Fundraising
  • $28,685,150
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Victor to buy a head of dairy cattle to increase his operating capital.
100% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 30, 2010
Listed
Dec 14, 2010
Currency Exchange Loss:
N/A
Ended:
Aug 15, 2012