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Modesto
Señor Modesto Batállanos N. is married and has two children. He and his wife are responsible for their support and education. She is a hardworking dependable woman.

Modesto and his wife run a neighbourhood shop. Modesto also raises pigs to sell in the various Cochabamba and Trópico markets and works in transportation in the Ivirgarzama area. He’s been an active member of the transportation company for more than two years. It’s a profitable job; many people ask for him because he provides straightforward, quick, and efficient service. For each member, the union organizes shifts and a stop so that customers know where to go to get service.

This is the first time that Modesto has asked for a loan from our institution. He plans to use the money to buy merchandise for his shop where his wife works, and thus increase income and improve their standard of living.
View original language description ↓
El Señor Modesto Batállanos N. es casado y es padre de familia de 2 hijos a los cuales apoya y ayuda en su educación junto a su esposa, es una persona responsable y trabajadora, el cliente y su esposa tienen una tienda de barrio, ademas el cliente se dedica a la cría de ganado porcino para ser comercializado en los diferentes mercados de Cochabamba y el trópico, también trabaja como trasportista en la localidad de Ivirgarzama, en el cual esta hace mas de 2 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 una parada y turnos para cada afiliado, donde las personas acuden para solicitar dicho servicio
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Es la primera vez que el cliente obtiene un préstamo de nuestra institución cuyo destino será la compra de mercadería para una tienda de barrio en la cual su esposa trabajara y le permitirá también mejorar sus ingresos y consecuentemente 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
  • 188
    View loans »
    Bolivia Loans Fundraising
  • $30,889,250
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Modesto to buy merchandise for his store.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 16, 2010
Listed
Jan 10, 2011
Currency Exchange Loss:
N/A
Ended:
May 15, 2012