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Mario Rene
Mario is 20 years old and lives in Cochabamba, in a town called Entre Ríos. He lives with his wife, who sells new clothing for a living. Mario has worked as a locksmith’s assistant for a year and is quite enterprising. He is thinking about opening his own locksmith business in the future.

Mario tells us that when he came to live here his wife had very little merchandise. During the first few years she just worked as a clothing sales assistant and wasn’t able to start her own business because she didn’t have the necessary capital. But she saved up gradually and learnt about the clothing retail business so that she could later start a business in this area. Both of them work very hard to provide for their son.

Over time they have managed to save money and have used it to buy a piece of urban land. The loan will be used as commercial capital to increase and diversify their merchandise. They hope that this will initially improve their situation. Eventually Mario would like to build his own house, so he needs to increase his income.
View original language description ↓

El señor Mario, tiene 20 Años, vive en el trópico de Cochabamba en la localidad de entre ríos, vive con su pareja que se dedica a la venta de ropa nueva.
El cliente trabaja como ayudante de cerrajería, desde hace un año y es bastante emprendedor, a futuro está pensando tener su propia cerrajera.
El señor Mario nos cuenta que cuando se vino a vivir a esta comunidad la esposa tenía muy poca mercadería de ropa, en los primeros años la señora trabajaba solo como ayudante de venta de ropa nueva, por falta de capital no podía tener su propio negocio, pues poco a poco fue ahorrando y aprendiendo el negocio del comercio de ropa nueva para posteriormente dedicarse a este rubro, ambos trabajan muy duro para sacar adelante a su hijo.
Con el transcurso del tiempo fueron ahorrando poco a poco, con lo cual lograron comprarse un lote terreno urbano, el destino del crédito es para capital de comercio, con lo cual incrementara y diversificara más su mercadería, y de esa manera sobre salir de esta situación un poco precoz que viven, y posteriormente quiere construir su propia vivienda, para lo cual necesita incrementar sus ingresos.

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
  • 94
    View loans »
    Bolivia Loans Fundraising
  • $28,867,525
    Funds lent in using Kiva
  • 6.9
    Bolivia Bolivianos (BOB) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,500 helped Mario Rene purchase merchandise (new clothing).
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 17, 2012
Listed
Mar 24, 2012
Currency Exchange Loss:
Covered
Ended:
Mar 17, 2014