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Fredy
Fredy Fernández Brañez lives with his partner and is father to one son who he supports and helps in his education, along with his partner. He has lived with his girlfried for one year. They live in a small wooden house that serves as a refuge and a place to sleep. It is for this that he works as a farmer and as a mototaxi driver in the area of Ivirgarzama, where for more than one year he has been an active member. The service he provides is profitable due to the high quantity of people that request this service due to its ease, speed and efficiency. The union has stops and turns for each affiliate in different points of the area if Ivirgarzama where people go to request this service.

This is the first time that the client has obtained a loan from our institution. It will be used to purchase a new motorcycle since the one he has currently has already completed its working cycle and so he can improve the service for his customers which will also improve his income and consequently his quality of life.
View original language description ↓
El Señor Fredy Fernández Brañez vive en concubinato y es padre de familia de un hijo al cual apoya y ayuda en su educación junto a su pareja, hace como un año que vive con su pareja ellos viven en su chaco cuentan con una casita de madera que les sirve de refugio y de techo para dormir, es por eso que él trabaja como agricultor y como moto taxista en la localidad de Ivirgarzama, en el cual esta hace mas de 1 año 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 mejorar el servicio a sus clientes lo que le permitirá también mejorar sus ingresos y 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

  • $2,817
    Average annual income
  • 98
    View loans »
    Bolivia Loans Fundraising
  • $28,215,275
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Fredy purchase a new motorcycle for his job.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 13, 2010
Listed
Dec 22, 2010
Currency Exchange Loss:
N/A
Ended:
Apr 15, 2012