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Miguel Angel
Miguel Ángel, 29, still lives in his in-laws’ house which is located in one of the city of Tarija’s neighborhoods. Miguel Ángel is married and has a 5 year old son who he cares for and helps to educated alongside his wife, Eva. Since he was little, his father taught him how to work first as a bricklayer and now he works detailing and painting cars.

He now needs to work in order to get ahead with his wife and son. For the last five years Miguel has been working as an auto body repairman; he is very well known by his customers who request his services. He wants to earn better income to get ahead but he tells us that he needs to buy more work tools to do so because his business has grown much and the tools he has are no longer sufficient. He hopes this way to do the jobs more quickly and efficiently so the loan will be used to buy said work tools to increase his income. Miguel tells us that he wants to improve his living conditions so among his hopes and goals is to build his own house.
View original language description ↓
El señor Miguel Ángel tiene 29 años de edad aún vive en la casa de sus suegros , vivienda que está ubicada en un barrio de la ciudad de Tarija. Miguel ángel es casado y tiene un hijo de 5 años a quien cuida y ayuda en su educación junto con su esposa la señora Eva, desde muy pequeño su padre le enseño a trabajar primero como albañil y actualmente realiza trabajos de chapeado y pintado de vehículos. Ahora él tiene que trabajar para poder salir adelante junto con su esposa e hijo. Miguel desde hace 5 años que trabaja como chapista siendo una persona muy conocida por sus clientes que solicitan sus servicios, quiere tener mejores ingresos para salir adelante, pero él nos cuenta que tiene la necesidad de comprar más herramientas de trabajo, ya que negocio ha crecido mucho donde las herramientas que tiene ya no le abastecen. De esa forma poder realizar los trabajos de manera más rápida y eficiente, por lo tanto el crédito será destinado para la compra de dichas herramientas de trabajo, de ese modo poder incrementar sus ingresos económicos. Miguel nos cuenta que quiere mejorar las condiciones de vida que tiene, por lo tanto entre sus sueños y metas esta construir su propia casa.

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
  • 183
    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 Miguel Angel to buy work tools.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 15, 2012
Listed
Mar 23, 2012
Currency Exchange Loss:
Covered
Ended:
Apr 17, 2014