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Gerardo
Gerardo A. is 51 years old. He has 4 children together with his wife, Virginia Omonte, and they are his life. They live in the municipality of Vinto in the city of Cochabamba.

Gerardo's work is to milk his cows every day. Even though he only has a few cows he puts in all of his efforts into raising them, especially since it is through them that he obtains a large part of his income. Gerardo has a large family to feed and so he also works by digging wells in the region.

Gerardo needs a loan to purchase feed and foraging for his herd of cows, especially because the feed for his cows has been increasing incrementally. He wants to purchase in large quantities for a lower price so that he will be able to feed his herd adequately and not die. He is thankful to those individuals who, through Kiva, will give him the opportunity to have money to feed his cows.

Gerardo has plans in the future to access a new loan to improve his home.
View original language description ↓
Gerardo A. tiene 51 años de edad, tiene 4 hijos que son su vida junto con su esposa que tiene como nombre Virginia Omonte. Ellos viven en el municipio de Vinto de la ciudad de Cochabamba.
Gerardo trabaja extrayendo leche de sus vacas todos los días, a pesar de tener pocas vacas él pone todo su esfuerzo en la crianza de las mismas ya que de ellas obtiene gran parte de sus ingresos; sin embargo Gerardo tiene una familia numerosa que alimentar por ello también se dedica a trabajar cavando pozos de agua por su zona.

Gerardo necesita el préstamo para que pueda comprar alimento y forraje para su ganado vacuno ya que eventualmente el precio del alimento para sus vacas ha ido subiendo, él quiere comprar por cantidad a un costo menor y así logre alimentar adecuadamente a su ganado y este no muera, él está agradecido con la gente que por medio de Kiva le puede dar la oportunidad de contar con dinero para que pueda alimentar mejor a sus vacas.
Gerardo entre sus planes futuros planea sacar un nuevo préstamo para que realice mejoras en su vivienda

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
  • 110
    View loans »
    Bolivia Loans Fundraising
  • $29,137,325
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Gerardo to purchase foraging for his dairy cows.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 11, 2011
Listed
May 17, 2011
Currency Exchange Loss:
N/A
Ended:
Feb 24, 2012