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Elsa
Elsa is 23 years old and single. She lives with her parents but is economically independent. She makes a living selling potatoes and buys her merchandise in the Colomi market from farmers on Thursdays to sell it in Yapacani, Santa Cruz where there is a consolidated market. She has been in this business for more than one year.

For her, it is very difficult to get a loan from the banks because they have so many requirements. However, CIDRE IFD took the iniciative of going to this area and discovered that Elsa needed operational capital for the selling of potatoes. She invested the savings she had in the purchase of a plot of land to live on. Elsa tells us that she had little capital for the business; with this loan she will buy a larger quantity of potatoes and begin to save money to build her own house, which is one of her dreams.
View original language description ↓
La Señora Elsa tiene 23 años y es soltera, vive con sus padres pero económicamente es independiente. Se dedica al comercio de papa y compra su mercadería en la feria de Colomi los días jueves de los agricultores para venderla en Yapacani, Santa Cruz, donde tiene un mercado consolidado; ella realiza esta actividad hace más de 1 año. Para ella es muy difícil acudir a los Bancos para un préstamo de dinero, ya que le piden muchos requisitos; sin embargo, CIDRE IFD tuvo la iniciativa de ir a esta zona y descubrió que la Sra. Elsa necesitaba capital de operación para comercio de papa. El ahorro que tenía lo invirtió en la compra de un lote de terreno para vivienda. La Sra. Elsa nos comenta que estaba con poco capital para el comercio, con el préstamo comprará más cantidad de papa y empezará a ahorrar para construir su propia casa, lo cual es uno de sus sueños.

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
  • 93
    View loans »
    Bolivia Loans Fundraising
  • $28,138,200
    Funds lent in using Kiva
  • 7.0
    Bolivia Bolivianos (BOB) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,450 helped Elsa to buy potatoes (working capital).
100% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 6, 2012
Listed
Jun 29, 2012
Currency Exchange Loss:
Covered
Ended:
Aug 17, 2014