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Luis Miguel
Luis Miguel, 20, is a young man who is the oldest of four siblings. He’s a very responsible young man who has worked in his father’s activity which is passenger transportation service since he was 16 years old. To do so, he stopped attending school. Luis Miguel lives with his parents in the community of Abra in the city of Cochabamba.

His main activity is passenger transportation service. He has a minibus that belongs to a public transportation syndicate. The loan will be used to complete the amount he needs to buy another vehicle because he’s short on the amount he needs. Said vehicle will be put to work as a taxi with a driver which will increase his income.

Among his dreams and goals is to support his siblings so that they will stay in school and obtain professional careers since he wasn’t even able to get to high school and to build a house of his own since he has a piece of land inherited from their parents as compensation for all the years he’s been helping them.
View original language description ↓
Luis Miguel es un joven de 20 años es el hermano mayor de 4 hermanos, es un joven muy responsable ya que desde los 16 años trabaja en la actividad de su padre que es el servicio de transporte de pasajeros, para lo cual ha dejado de estudiar, Luis Miguel vive con los padres en la comunidad del Abra de la ciudad de Cochabamba, su principal actividad es el servicio transporte de pasajeros, cuenta con un minibús que pertenece a un sindicato de transporte público. El destino del crédito es para la reposición de compra de otro vehículo, ya que le falto dinero, dicho vehículo trabajara como taxi con un chofer, con lo incrementara sus ingresos.
Entre sus sueños y metas es apoyar a sus hermanos para que sigan estudiando hasta verlos con una carrera profesional ya que él no ha logrado estudiar ni hasta el bachillerato y construir su propia casa ya que cuentan con un terreno que le heredaron sus padres en gratificación a los años que se ha pasado ayudándolos.

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
  • $29,515,475
    Funds lent in using Kiva
  • 6.9
    Bolivia Bolivianos (BOB) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,500 helped Luis Miguel to complete amount needed to buy another vehicle.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 12, 2012
Listed
Apr 20, 2012
Currency Exchange Loss:
Covered
Ended:
Apr 17, 2013