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Elmer
The borrower is from the Ichilo Province in the department of Cochabama, but he currently lives in the Manco Kapac community in Entre Ríos. He has a patch of land where he grows crops, and now he has the opportunity to plant mechanized rice near his land. He is requesting a loan from the institution for this investment. He is responsible and determined to get ahead on a daily basis. He earns a living growing and selling bananas, and the rice will be used to diversify his income and reduce the risk of plant disease in the industry. He has four years' experience in the sector and many positive goals for the future. He has become an independent farmer with the support of his parents.
View original language description ↓
El cliente es originario de la provincia ichilo del departamento de Cochabamba, y actualmente vive cerca de la comunidad de manco kapac de entre ríos, también cuenta con una parcela agrícola donde desarrolla su actividad, ahora se le está presentando la oportunidad para poder realizar siembra de arroz mecanizado, cerca de su parcela y para dicha inversión solicita el presente crédito con la institución. El cliente es responsable y con muchas ganas de seguir superándose día a día. Su actual ingreso que tiene el cliente es de la producción y venta de plátano, y con el arroz está diversificando sus ingresos y disminuir el riesgo de algunas plagas que puede haber en el sector. También recalcar que el cliente tiene muchas expectativas a futuro y muy positivas. Tiene una experiencia de 4 años en el sector donde está trabajando. Con el apoyo de sus padres el cliente ha logrado independizarse en 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

  • $2,817
    Average annual income
  • 79
    View loans »
    Bolivia Loans Fundraising
  • $28,645,575
    Funds lent in using Kiva
  • 6.9
    Bolivia Bolivianos (BOB) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Elmer to buy seeds.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Jan 13, 2012
Listed
Feb 16, 2012
Currency Exchange Loss:
Covered
Ended:
Feb 15, 2013