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Margarita
Margarita is very shy but very hardworking. She’s had family problems since she was a little girl and always had to work however she could. Things didn’t change when she got together with her children’s father. After a while he left her with her children and since she’s accustomed to working, started selling vegetables. She began selling some vegetables on foot, especially potatoes, and learned of places where she could set up her vegetables. Little by little she began selling more vegetables and acquired a stall at the country market in Chimoré, where she currently lives and does business.

She’s always in motion, since her vegetable selling business demands it. She negotiates prices, looks for more accessible suppliers, and makes contacts in hopes of new advantages, etc.

Having the sole responsibility for supporting her children requires her to invest more into her business each week. This loan will provide additional working capital that will eventually result in increased income. Margarita’s goal is for her children not to have to deal with the challenges she had to face and her work is always focused on providing them a better quality of life. This loan will help and allow her to rotate more merchandise and in this way improve her business.
View original language description ↓
La señora Margarita es muy tímida pero destaca por ser muy trabajadora, desde muy niña tuvo problemas en su familia casi siempre tenia que arreglarse trabajando de lo que podia, cuando se junto con el padre de sus hijos la situacion tampoco cambio, con el pasar del tiempo su pareja la dejo con sus hijos y ella acostumbrada al trabajo emprendio en el comercio de las verduras, empezó deambulando con la venta de algunas verduras en especial la papa y fue conociendo lugares donde podía acomodar sus productos y así se aprovisiono poco a poco de mas verduras y consiguió un puesto en el mercado campesino en Chimoré donde actualmente vive y tiene asegurada su actividad, siempre esta en constante movimiento ya que la venta de verduras a la que se dedica así lo requiere, cotiza precios, busca proveedores mas accesibles, se relaciona con sus contactos en espera de novedades de aprovisionamiento, etc., Siendo una persona sola y con el mantenimiento de 3 hijos la cliente requiere de invertir mas en cada semana de su actividad. En consecuencia el crédito que solicita le servirá para poder viabilizar un incremento en su capital de operación lo que en el tiempo le significara mayor rédito en sus ingresos. La señora Margarita tiene como metas que sus hijos no pasen lo que ella tuvo que afrontar por lo que siempre su trabajo esta orientado a mejorar su calidad de vida y con el presente credito en algo se apaliaran sus requerimientos y hara rotar mas su mercaderia, mejorando de esta manera su actividad.

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
  • 182
    View loans »
    Bolivia Loans Fundraising
  • $31,008,200
    Funds lent in using Kiva
  • 6.9
    Bolivia Bolivianos (BOB) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,025 helped Margarita to provide working capital.
100% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 26, 2011
Listed
Nov 27, 2011
Currency Exchange Loss:
Covered
Ended:
Jun 17, 2013