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Gonzalo
Gonzalo, 21, is a young man living alone in the “anticrético” modality [a transaction whereby a property owner requests a "loan" from you in exchange for housing, which must be paid back to you at the end of your contract. If your loan is not repaid, the property owner loses the property to you] because his parents are working in the fields.

His activity is producing chocolates to sell in various markets in the cities of La Paz and El Alto which is also where he buys raw materials like raw cocoa beans, sugar and other ingredients from wholesalers. It is very demanding work because its production is complicated because a long process must be followed grinding the cocoa beans by hand which is why he’s asking for a loan to buy a machine to do the grinding that will make his work much easier thus increasing production. The merchandise he produces he sells directly to his customers in the various markets to be sold which is why he came by our offices in person to request a loan because he wants to improve production with the purchase of said machine.
View original language description ↓
Gonzalo es un joven de 21 años vive en anticrético solo ya que sus padres están trabajando en el campo. La actividad del cliente es la producción de chocolates y su comercialización es en los diferentes mercados de las ciudades de La Paz y El Alto, la misma compra la materia prima de mayoristas, tanto el cacao crudo, como el azúcar y demás ingredientes, es un trabajo muy sacrificado ya que su elaboración es muy complicada, puesto que hay que seguir un proceso largo en el molido del cacao a mano, por lo cual solicita el crédito para la compra de la maquina moledora, la cual le facilitaría mucho su trabajo aumentado así su producción. La mercadería producida la vende directamente a los sus clientes en los diferentes mercados para la venta, razón por la cual se apersono a nuestra oficinas a solicitar un crédito porque quiere mejorar su producción con la compra de dicha maquina.

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
  • 89
    View loans »
    Bolivia Loans Fundraising
  • $29,017,150
    Funds lent in using Kiva
  • 6.9
    Bolivia Bolivianos (BOB) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,475 helped Gonzalo to buy a cocoa bean grinding machine.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 11, 2012
Listed
Apr 19, 2012
Currency Exchange Loss:
Covered
Ended:
Apr 17, 2014