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Raul Alejo
Raul is a married man. He lives with his wife and two children in the town of Colcapirhua, province of Quillacollo in the department of Cochabamba. He is a construction worker who builds houses and buildings. Unfortunately, one month ago his concrete mixer was stolen from the warehouse at his workplace. For several weeks he worked without a mixer and had to do his work with his bare hands.

Raul received some marketing materials from CIDRE. Hence, he was able to request a KIVA-funded loan and bought a new mixer to catch up with his pending jobs. Today, Raul thanks KIVA loaners for the support they provide though micro-loans in Cochabamba, Bolivia.
View original language description ↓
El Señor Raul es una persona casada, vive con su esposa y sus 2 hijos, vive actualmente en el municipio de Colcapirhua,en la provincia de Quillacollo del departamento de Cochabamba, trabaja como albañil en las construcciones de casas y edificios, lamenteblemente hace un mes le robaron la mezcladora de cemento en el deposito de su trabajo. Estuvo por varias semanas trabajando sin mezcladora y haciendo este trabajo manualmente, pero gracias a unos afiches de publicidad que recibió de CIDRE, nuestra institución, pudo pedir un prestamo que es financiado por KIVA, con lo cual pudo comprar una nueva mezcladora para poder reanudar los trabajos pendientes que tenia. Hoy el Señor Raul agradece a los financiadores KIVA por el apoyo de estos microcreditos que otorgan en Bolivia en la cuidad de Cochabamba.

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
  • 131
    View loans »
    Bolivia Loans Fundraising
  • $29,665,275
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $850 helped Raul Alejo to purchase a concrete mixer for his work.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 12, 2011
Listed
Nov 14, 2011
Currency Exchange Loss:
N/A
Ended:
Feb 8, 2012