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Gumercindo
Gumercindo is 61 years old and has been married to Fructuosa for more than 35 years. They have 3 dependent children who are in college, one of whom is disabled and requires from his mother daily care. The family lives in the Colomi zone at km 48 on the highway from Cochabamba to Santa Cruz.
He has been transporting heavy freight for some time now and his wife sells potatoes. They are both farmers. They raise agricultural products on land he inherited from his father in the community of Chullpani Chico. In this way, they support their children and send them to get a good education. Gumercindo at the moment is not working because he needs money to buy new tires for his truck. This is why they have come to our offices of Cidre to ask for a loan. He tells us that sometimes the savings that he has is not enough to support the household expenses. Other financial institutions would not lend him money because of his age.
Finally Gumercindo and his wife feel happy. They will buy the tires and they will begin to travel as soon as possible. Their dream is to have their children be professionals and have a better future than what they have had.
View original language description ↓
El señor Gumercindo tiene 61 años de edad casado con la señora Fructuosa más de 35 años, tienen 3 hijos dependientes que están estudiando en la universidad, de los cuales 1 es discapacitado que necesita el cuidado diario de su madre, la familia vive en Colomi zona Sud km 48 sobre la carretera Cochabamba -Santa Cruz. El Señor Gumercindo hace mucho tiempo se dedica al servicio de transporte pesado, su esposa al comercio de papa a la vez son agricultores siembran productos agropecuarios en un terreno que les heredo su padre en la comunidad Chullpani Chico, de esta forma ellos mantienen a sus hijos y brindándoles una buena educación ; don Gumercindo por el momento no está trabajando por que necesita dinero para comprar llantas nuevas para su camión, por este motivo vinieron a nuestra oficina de Cidre a solicitar un préstamo, don Gumercindo cuenta que a veces el ahorro que tienen no les alcanza para los gastos de la casa; en otros entidades financieras no lo quisieron otorgar el crédito por la edad. Por ultimo don Gumercindo y su esposa se sienten muy felices, compraran llantas y volverá a viajar lo más antes posible, además tienen un sueño que sus hijos salgan profesionales y que tengan un futuro mejor que ellos.

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 $1,200 helped Gumercindo to buy tires.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 14, 2012
Listed
Feb 17, 2012
Currency Exchange Loss:
Covered
Ended:
Mar 15, 2013