Jose Luis and his wife work in agriculture. They sow potato, beans, and papalisa potatoes. They cultivate a plot of land they they inherited from their parents, in the Salto "B" community. Jose Luis tells us that he build a two-story home and invested all of their savings in it. They do not have enough money for the finish work. Because of this, they have decided to request a loan from our Cidre office. They have had a positive experience here, because other institutions had many requisites. They are very happy because now they will be able to live more comfortably and work for their family's future.
About CIDRECIDRE 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 Housing Loans
Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.
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