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Nieves
Señora Nieves is 33 years old. She is a single mother with one dependent child who attends primary school. She lives in the rural community of Molino Blanco, which is 26 km from the city of Cochabamba.

Nieves works in farming, growing potatoes, peas, and corn on the two hectare field she inherited from her parents. It is very difficult for her to go to the banks to get a financial loan, as they have many requirements. CIDRE IFD took the initiative to go to this area to promote themselves, and discovered that Señora Nieves needed capital to expand her crops and increase her agricultural production of products such as potatoes, corn and flowers. She has the spaces prepared, but they haven't been cultivated because of her lack of supplies.

Doña Nieves tells us that now she can plant a greater surface and in this way increase her income and be able to save money to build her own home, as she currently lives in her parents' home. Another of her goals is for her only child to study, so that he can have a professional career that will provide him with a better standard of living.
View original language description ↓
La Señora Nieves tiene 33 años es madre soltera de 1 hijo dependiente que estudia en nivel primaria, vive en una comunidad rural Molino Blanco a 26 km de la ciudad de Cochabamba se dedica a la agricultora produce papa, arveja, maíz en terreno de 2 has herencia de sus padres, para ella es muy difícil acudir a los Bancos para un préstamo de dinero ya que les piden muchos requisitos, CIDRE IFD tuvo la iniciativa de ir a promocionar a esta zona, y descubre que la señora Nieves necesitaba capital para ampliar sus cultivos y aumentar la producción agrícola como ser papa, arveja, maíz y flores porque tenía parcelas preparadas que no están cultivados por falta de insumos. Doña Nieves nos comenta que ahora sembrara en más superficie y de esa manera incrementara sus ingresos y podrá ahorrar dinero para construir su casa propia, actualmente vive en la casa de sus padres, otra de sus metas es hacer estudiar a su único hijo hasta que tenga una carrera profesional para que pueda 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
  • 73
    View loans »
    Bolivia Loans Fundraising
  • $28,644,550
    Funds lent in using Kiva
  • 6.9
    Bolivia Bolivianos (BOB) = $1 USD

Success!! The loan was 100% repaid

A loan of $875 helped Nieves to purchase supplies for planting her fields.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Feb 14, 2012
Listed
Mar 20, 2012
Currency Exchange Loss:
Covered
Ended:
Mar 17, 2014