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Edwin
Edwin is 31 years old, single, and a very hard-working person. He lives in Villa Israel, a very poor neighborhood in a depressed area on the outskirts of the city, in Cochabamba department. This is where his small home and small bakery are located. He has an oven where he makes bread from very early in the morning so that he can deliver it before 9.00am to the stores and schools. His profit margin is very small owing to his small production. In addition, he cannot compete with the large bakeries who come in vehicles to deliver their bread to the same stores that he delivers to. For this reason, Edwin needs a loan which will allow him to buy more supplies and stock up with flour, butter, salt, oil, yeast and sugar so that he can double or triple his production to sell in his area and in nearby neighborhoods. He has experience in the bakery business and also has a market of existing customers.
View original language description ↓
El señor Edwin tiene 31 años, es una persona muy trabajadora, es soltero, vive en villa Israel un barrio muy pobre ubicado en los suburbios de la cuidad, en el departamento de Cochabamba, en esta localidad es que el tiene su casita, y su pequeña panaderia, con su horno donde elabora el pan desde muy tempranas horas del dia para entregar antes de las 9 de la mañana a las tiendas y colegios, el margen de ganancia que el genera es muy pequeño debido a la poca produccion que tiene. Ademas que no podria competir con las panaderias grandes que vienen a dejar su pan en vehiculos distribuidores a las mismas tiendas donde el reparte. por tanto edwin, el cliente requiere de un prestamo que le permita comprar mas insumos, abastecerse de harina, manteca, sal, aceite, levadura y azucar y asi con esto doblar o triplicar su producción para la venta en su zona y en sus barrios aledaños ya que el tiene experiencia en el la panaderia, y tambien ya un mercado de clientes conocidos.

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
  • 95
    View loans »
    Bolivia Loans Fundraising
  • $28,198,875
    Funds lent in using Kiva
  • 6.9
    Bolivia Bolivianos (BOB) = $1 USD
Paying Back

This loan has been fully funded!

A loan of $1,200 helped Edwin to have working capital for his bakery.
97% repaid
Repayment Term
39 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 31, 2012
Listed
Feb 19, 2012
Currency Exchange Loss:
Covered