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Lourdes Magdalena
Lourdes, 20, works as an employee at two jobs. Starting at 5am she works as a sales assistant selling breakfasts; she finishes this job before noon. She also sells cosmetics to improve her income and at 2pm she starts to sell Broaster-style chicken. She currently has a dependent that is under the age of one and she wants to get ahead. She studied secondary school but because of lack of economic resources had to stop attending school to go to work and help support her family.

The loan she’s requesting is to add a room to the house. She wants to continue forward, to be more independent from her family and to be able to continue studying and to study a technical career to give her son a better future despite not having any support from her son’s father.
View original language description ↓
Lourdes tiene 20 años realiza trabajos como empleado dependiente en dos lugares, desde las 5 de la mañana trabaja como apoyo de venta de desayunos, culminando su trabajo antes del medio dia, vende productos de cosméticos para tener mejores ingresos a partir de las 2 de la tarde ingresa a otro trabajo que tiene en la venta de pollos a la broaster, actualmente cuenta con un dependiente de menos de un año de edad, tiene ganas de superase, estudio a nivel secundaria, por falta de ingreso económico dejo sus estudios para dedicarse al trabajo y así poder apoyar a su familia, el préstamo solicitado es para realizar la construcción de una habitación para vivienda, la cliente tiene ganas de seguir adelante, ser mas independiente de su familia poder seguir estudiando, formar una carrera a nivel técnico, de esta forma darle a su hijo un mejor futuro, pese a que no cuenta con el apoyo del padre del niño.

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 Housing Loans

Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.

About Bolivia

  • $2,817
    Average annual income
  • 75
    View loans »
    Bolivia Loans Fundraising
  • $28,645,575
    Funds lent in using Kiva
  • 7.0
    Bolivia Bolivianos (BOB) = $1 USD
Paying Back

This loan has been fully funded!

A loan of $1,475 helped Lourdes Magdalena to build a bedroom.
83% repaid
Repayment Term
39 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 28, 2012
Listed
Sep 4, 2012
Currency Exchange Loss:
Covered