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Efrain
Efrain is 34 years old, lives in a common-law marriage, and has 2 school-age children. He and Betty reside in La Maica zone, at Parada 10, a milk-producing area some 8 kilometers from the city. They have 6 milk cows and make cheese for sale, village to village. Both were born in the zone and have only a primary school education.

They need operating capital to buy forage (soy bean hulls) to feed their cattle. This is the season when cattle-raisers store feed for the rest of the year. Efrain's activities have grown somewhat and he wishes to continue that growth in order to improve conditions of life for all the family. They live in the house of his in-laws.

Efrain wants to purchase land and thus be able to construct a dwelling, since currently, his family only has 2 rooms. As a brick layer, he could do the construction himself without the very high costs of hiring laborers.
View original language description ↓
Efraín es una persona de 34 años de edad, conviviente, tiene dos hijos en edad escolar, él y Betty viven en la zona de la Maica parada 10, zona lechera a 8 kilómetros de la ciudad, tienen 6 vacas lecheras y elaboran quesillos para la venta a la rescatista, sólo tienen estudios primarios y los dos nacieron en la zona, necesitan capital de operación para comprar forrajes (cáscara de soya para el alimento de su ganado), es la época donde se almacena para el resto del año. Ha crecido un poco en su actividad y quiere seguir creciendo para mejorar sus condiciones de vida y la de su hijos porque vive en un espacio en la casa de sus suegros, quiere comprar el terreno y así poder construir la vivienda, hasta el momento sólo tiene dos habitaciones y siendo albañil él podrá construir sin los costos de mano de obra que son muy altos.

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
  • 78
    View loans »
    Bolivia Loans Fundraising
  • $28,645,575
    Funds lent in using Kiva
  • 7.0
    Bolivia Bolivianos (BOB) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,475 helped Efrain buy forage (soya hulls) for feeding his cattle and growing his dairy business, in order to buy land and construct his own house.
100% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 27, 2012
Listed
Aug 18, 2012
Currency Exchange Loss:
Covered
Ended:
Apr 17, 2013