Julia and her husband want to grow their business. They have accepted larger contracts, but lack operating capital. For this reason, Julia is requesting this current loan in order to acquire supplies that they are lacking such as paints, frames, thinners, and other materials so that they can produce serigraphs and fulfill their existing contracts.
About CIDRECIDRE 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.
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Success!! The loan was 100% repaid