Check out other loans that are currently fundraising!
Abel
Abel is a young man who lives in the town of Colcapirhua in the province of Cochabamba. He still lives with his parents. He went to high school and was unable to continue studying since he had to begin working to support himself. His parents have a lot of commitments and needs. He has 2 little sisters who depend on his parents. He works as a carpenter in his uncle's carpentry shop. He is starting a technical course in auto mechanics to be able to open his own business. He doesn't make very much and he has to pay for his tuition. Bus fare is very expensive so he needs the loan to be able to buy a motorcycle to save money and also to get to his classes on time after work.
View original language description ↓
Abel es un joven que vive en la municipio de Colcapirhua de la provincia de Cochabamba, él vive aun con sus padres, el curso sus estudios hasta el nivel de bachillerato y no pudo estudiar una carrera ya que el tenía que empezar a trabajar para poder mantenerse, ya que sus padres tienen muchos compromisos y necesidades, él tiene 2 hermanitas que dependen de sus papas él trabaja como carpintero en la carpintería de su tío, está empezando a hacer un curso a nivel técnico en mecánica automotriz para poder abrir su propio negocio, como el no gana mucho y tiene que pagar sus mensualidades en el instituto, los pasajes le son un gasto muy elevado así que el necesita el crédito para poder comprar una motocicleta para economizar y también poder llegar a tiempo a sus clases después de su trabajo.

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
  • 96
    View loans »
    Bolivia Loans Fundraising
  • $28,171,500
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Abel to buy a motorcycle.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 6, 2011
Listed
Jun 8, 2011
Currency Exchange Loss:
N/A
Ended:
Jun 17, 2013