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Aquilino
Aquilino H. Q. is 53 years old, and lives alone with a niece, who helps him with farming and caring for livestock. They are in the community of Pisly, 92 km. from Cochabamba. Aquilino is a farmer, raising potatoes, papaliza (palisa potatoes, or ulluscus tuberosus), and he has cattle and sheep. He needs money to buy organic fertilizer. Fertilizer is cheap, and he does not yet have the income from his crops. Aquilino is a modest man, hard-working and reliable. It is hard for him to go to the city’s banks, which have many requirements. He took the initiative to come here for a loan.

Aquilino is pleased to have found the institution that will give him a loan, and is now going to buy organic fertilizer at the right time, to have it available for this year’s sowing. This way, he will have savings to help with his niece’s studies, and to improve the housing where they live, which is precarious, made of stones with a straw roof.
View original language description ↓
El señor Aquilino H. Q. tiene 53 años, vive solo con una sobrina que le ayuda en las faenas agrícolas y cuidado de ganado ellos está en la comunidad de Pisly, están a 92 km de la ciudad de Cochabamba,
El sr. Aquilino es agricultor produce papa, papaliza, y tiene ganado vacuno, ovino. El necesita un capital para comprar abono orgánico el abono es barato y no tiene todavía ingresos económicos de la producción agrícola, el sr. Aquilino es una persona humilde trabajador y responsable, para él es muy difícil acudir a los Bancos de la ciudad que les piden muchos requisitos. Se tuvo la iniciativa de ir a esa zona a otorgar crédito.

El sr. Aquilino está muy contento de haber encontrado la institucion que le de el credito, porque con eso va comprar el abono orgánico oportunamente y tendrá lista para la siembra de este año, así va tener ahorro para ayudar el estudio de su sobrina, como también para mejorar la vivienda que habitan es muy precaria, construida de piedra y de techo de paja.

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
  • 89
    View loans »
    Bolivia Loans Fundraising
  • $29,017,150
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Aquilino to buy organic fertilizer for farming.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Feb 1, 2011
Listed
Feb 25, 2011
Currency Exchange Loss:
N/A
Ended:
Sep 15, 2012