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Gustavo Ariel
Gustavo is a modest young man who decided to start his own photocopy business in order to earn his own money and become independent. Thanks to this business, he has been able to lift one more responsibility off his parents' shoulders, and he can help out with the household expenses. He has been in business for 3 years. He started out thanks to the support of his aunt, who provided him with his work tool, the photocopier, which she sold to him on credit. He was able to pay the debt with the money he earned from the copy services. Gustavo views his work tool with pride because it is one of his assets. He now aspires to expand his small business, which is why he will ultimately purchase another machine with this loan. His work is exhausting because he opens from 8 in the morning until 8 in the evening. His mother takes his place for a few hours so that he can attend school since he works and studies. One of his goals is to earn a degree and obtain two sources of income, thus affording him a better quality of life.
View original language description ↓
Gustavo es un joven sencillo que para generar ingresos e independizarse económicamente de sus padres tiene la iniciativa de su negocio, cuyo negocio es brindar los servicios de fotocopias en general, gracias a este negocio él puede liberar a sus padres de una responsabilidad mas y de esa manera ayudar de alguna manera con los gastos de su hogar, emprende esta actividad desde hace 3 años, inicialmente con el apoyo de su tía quien le facilito el instrumento de su trabajo que es la fotocopiadora, misma que le vendió a crédito y fue cancelando con el mismo trabajo. Gustavo ve con mucho orgullo esta su herramienta de trabajo, pues es su patrimonio por lo que ahora tiene la gran aspiración de que su pequeño negocio crezca razón por la cual el destino del crédito es para la compra de otro fotocopiadora. Su trabajo es cansador pues está en la atención de su negocio todo el día desde las 8 de la mañana hasta las 8 de la noche, en algunas horas la madre le reemplaza mientras Gustavo asiste a sus clases ya que trabaja y estudia. Entre sus metas esta estudiar una carrera profesional y de esa manera tener dos fuentes de ingreso para poder tener un mejor nivel de vida.

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
  • 100
    View loans »
    Bolivia Loans Fundraising
  • $28,862,525
    Funds lent in using Kiva
  • 6.9
    Bolivia Bolivianos (BOB) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,025 helped Gustavo Ariel to purchase a photocopier.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 10, 2012
Listed
Mar 14, 2012
Currency Exchange Loss:
Covered
Ended:
Dec 15, 2012