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Luis Adolfo
Luis, 22, lives with his mother and stepfather. They share household expenses. Luis started his business because he needed an income. He sold blenders, irons and other household appliances in the beginning, then branched out to sell other products--televisions, DVD players and other electronics--that his customers asked him to provide. Luis goes to the city of Oruro to buy the products he sells. He is applying for a loan that he will use to stock his business. He wants to expand the range of products he sells so that he can increase his income. He'll use the extra income to continue paying his share of family expenses and to help his stepfather develop a separate business. Luis tells us, too, that his business supports his accounting studies. He wants to finish his degree so that he can shape a prosperous future.
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Luis es un joven de 22 años que vive en la casa de su mamá y su padrastro, a quienes colabora con los gastos del hogar, con la iniciativa de generar ingresos es que Luis inicia su negocio, al principio solo vendía licuadoras y planchas, llevando a diferentes lugares, para vender estos productos de línea blanca tanto al contado como a crédito. A pedido de sus clientes quienes le preguntaban por televisores, DVD y aparatos de sonido es que Luis decide agrandar su negocio, trayendo otros artefactos de mayor precio para satisfacer las necesidades de otros clientes. Luis viaja hasta la ciudad de Oruro para la compra de dichos productos. El destino del crédito es para capital de operación con lo cual incrementará su mercadería y genera más ingresos y de esa manera seguirá colaborando en los gastos de su hogar, ya que también ayuda en los trabajos que desarrolla su padrastro. Luis también es estudiante de Contaduría y gracias al esfuerzo en sus ventas y negocio es que se puede costear sus estudios en la Universidad. Su meta principal es terminar su carrera 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
  • 104
    View loans »
    Bolivia Loans Fundraising
  • $29,131,375
    Funds lent in using Kiva
  • 6.9
    Bolivia Bolivianos (BOB) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,475 helped Luis Adolfo to stock his retail business.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 14, 2012
Listed
Mar 23, 2012
Currency Exchange Loss:
Covered
Ended:
Oct 17, 2013