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Pedro Luis

Update on Pedro Luis

Pedro Luis is 23 years old. He lives in his parents' house in the southern area of the town of Cochabamba. He uses his own vehicle to work as a radio taxi for a local company. He studies in an institute for a career as an auto mechanic technician, and he pays for his own studies. For that purpose he works everyday from 7 a.m. to 7 p.m., and then he goes to his classes. Pedro had to quit transportation last year, because his mother became ill. Luis and his father worked in shifts during the day and night, and he says that, thank God, his mother got better and now she's working as usual. He requests the loan in order to fix the engine in his vehicle so that he doesn't have any problems finishing his taxi rides. In the previous cycle he got a loan for purchasing gas for his vehicle. Luis is a responsible person and has always repaid without problems.
View original language description ↓
El señor Pedro Luis tiene 23 años de edad, vive en la Zona Sud de la ciudad de Cochabamba en la casa de sus padres y trabaja con su vehículo como radio taxi de una empresa local. Es estudiante en un instituto en la carrera de técnico en mecánica automotriz él se paga solo los estudios. Es por esa razón que trabaja todos los días desde las 7 de la mañana hasta las 7 de la noche y después se va sus clases. Pedro tuvo que dejar el año pasado el transporte porque sus madre se enfermó. Luis y su padre trabajaban en dos turnos por el día y la noche, él dice que gracias a Dios su madre salió adelante y ahora está trabajando como siempre. Él requiere el crédito para hacer arreglar el motor de su vehículo y de esa manera no tener problemas para poder terminar su carrera. En la gestión pasada se le otorgó el crédito para compra del gas de su vehículo. Luis es una persona responsable y siempre canceló sin problemas.

Previous Loan Details

Mr. Luís is 22 years old and studied only until high school. He lives in the Villa Méjico Area in the city of Cochabamba. He works as a taxi driver and lives with his parents in his grandmothers’ home.

He left his studies because his mother had some health problems (she had a hysterectomy and... More from Pedro Luis's previous loan »

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.

Concurrent and Successive Loans

Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.

This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.

About Bolivia

  • $2,817
    Average annual income
  • 135
    View loans »
    Bolivia Loans Fundraising
  • $29,670,850
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Pedro Luis to purchase spare engine parts and to pay for repair services.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 14, 2012
Listed
Jul 9, 2012
Currency Exchange Loss:
N/A
Ended:
Aug 26, 2014
This photo was used before for a previous loan for Pedro Luis. It was first posted on Kiva on Mar, 2011. Learn More