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Luis
Luis was born on August 28,1968 in the town of Dami Rancho, in Tiraque Province of Cochabamba. He currently lives with his family in Dami Rancho in a small rustic home. He is a farmer, growing root and cereal crops in seasonal production. His entire family helps him plant and harvest, even his children get involved. Sometimes he also contracts help from his neighbors, paying them daily wages in a traditional form of mutual help called "ayni".
He plans to use this loan to buy potato seed and chicken fertilizer for this year's planting. He wants to buy these products soon before the prices rise.
View original language description ↓
El señor Luis nacido el 28 de agosto de 1968 en la comunidad de Dami Rancho de la Provincia de Tiraque del departamento de Cochabamba, actualmente vive con su familia en la comunidad de Dami Rancho que cuenta con una pequeña vivienda rústica. La actividad a la cual se dedica es la agricultura, produce tubérculo y cereales la producción es estacional en la misma zona, los trabajos agrícolas como ser la siembra y la cosecha lo realizan toda la familia, es decir que le ayudan sus hijos, en algunos casos utiliza ayuda de sus vecinos, a los cuales les paga con el mismo jornal en sus trabajos en este sentido se aplica lo que es el ayni.
El destino del presente crédito es para comprar los insumos agrícolas, como ser la semilla de papa y abono de gallina para siembra de este año, el cliente manifiesta que comprara antes que se incremente los precios de dichos insumos.

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
  • 97
    View loans »
    Bolivia Loans Fundraising
  • $29,515,475
    Funds lent in using Kiva
  • 6.9
    Bolivia Bolivianos (BOB) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Luis to buy seed stock and fertilizer.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Jan 25, 2012
Listed
Feb 18, 2012
Currency Exchange Loss:
Covered
Ended:
Feb 15, 2013