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Raul
Raúl, age 21, was born in Ivirgarzama – Cochabamba. He is a young person who lives alone and does not have children. His parents’ scarce financial resources only allowed him to go to school up to the fourth grade.

His neighbors and family members point out that Raúl is well-known in the area for being a hard-working and responsible person. He has a great desire to improve himself in order to continue his educatin.

One year ago he started providing “mototaxi” [three wheeled motorized vehicle] service in the city of Ivirgarzama. He belongs to the Carrasco Tropical drivers’ union. All of the members are given stops so that the customers are able to use their services. The income he generates from this business activity supports his parents.

Currently his work tool has some mechanical failures. That is the reason he is requesting a loan to buy a new motorcycle. This will help him to continue getting income in order to be able to pay for the family expenses.
View original language description ↓
Raul tiene 21 años, Nació en Ivirgarzama - Cochabamba. El cliente es una persona joven vive solo y no tiene un hijos, los escasos recursos economicos de sus padres le permitieron estudiar hasta cuarto basico, Raúl es una persona muy conocida en la zona trabajadora y responsable, indican sus vecinos y sus familiares; tiene muchas ganas de superación para para continuar sus estudios.

Hace 1 año que se dedica a prestar servicio de moto taxi en la población de Ivirgarzama, es afiliado al Sindicato de Transporte Carrasco Tropical, el cual a todos sus afiliados les otorga paradas para que los clientes puedan usar sus servicios; con los ingresos que le genera esta actividad mantiene a sus padres, actualmente su herramienta de trabajo tiene algunas fallas mecánicas, es por esta razón que solicita un préstamo, para poder comprarse una nueva motocicleta, esto le ayudará a seguir manteniendo sus ingresos económicos para poder solventar sus gastos familiares.

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

  • $5,500
    Average annual income
  • 228
    View loans »
    Bolivia Loans Fundraising
  • $31,614,775
    Funds lent in using Kiva
  • 7.0
    Bolivia Bolivianos (BOB) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Raul to buy a motorcycle to use for taxi service.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 23, 2012
Listed
Jul 29, 2012
Currency Exchange Loss:
Covered
Ended:
Jul 19, 2013