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Gustavo Ariel
Gustavo is a modest, upstanding young man who greatly desires to help his mother with the household expenses. So he decided to start a business that would generate a good income. Following the advice of his mother's friend and his own inclinations, he began selling women's and men's clothing, and over time and at his customers' request, he began offering a wider range of items. He now sells women's purses and sweaters. At dawn on Thursdays and Sundays, Gustavo heads to the El Alto fair. He wants to be the first customer because the suppliers who offer exclusive merchandise there run out early in the morning. Later he takes the merchandise to his stand, where he attractively displays it, hoping for quick sales.

He needs the loan to stock his business, that is, to increase his sales with more operating capital. Gustavo's main goal is to study at the university. His mother's health is poor but improving. She has helped him minimize his expenses by bringing him lunch every day. They would like to live independently at some point; they now live with his grandparents.
View original language description ↓
Gustavo un joven muy sencillo, de buen carácter, con muchas aspiraciones, con la idea de ayudar a su madre con los gastos familiares, es que decide dedicarse algún negocio, que le pueda generar buenas ganancias. Por consejo de una amiga de su madre, y con la orientación de la misma es que decide vender prendas de vestir para caballero y dama, con el paso del tiempo a solicitud y sugerencia de sus mismos clientes es que va diversificando sus productos, actualmente también vende carteras y bolsos para dama. Los días jueves y domingos Gustavo casi de madrugada se dirige a la feria de El Alto, para poder ser el primer cliente, debido a que sus proveedores traen mercadería exclusiva la cual se agota, muy temprano en la mañana. Posteriormente lleva la mercadería a su Stand y distribuye y organiza está de manera que pueda exhibir lo mejor y tenga una venta rápida. Necesita del crédito para poder abastecer su negocio, es decir mejorar sus ventas por un mayor capital de operación. Gustavo desea estudiar una carrera Universitaria y esa es su mayor aspiración, su madre se encontraba delicada de salud, pero ahora ya esta mejorando y ella es quien le ayuda llevándole el almuerzo cada día, siempre con la idea de minimizar sus gastos, desean en algún momento independizarse, porque actualmente viven en la casa de sus abuelitos.

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
  • 81
    View loans »
    Bolivia Loans Fundraising
  • $29,387,225
    Funds lent in using Kiva
  • 7.0
    Bolivia Bolivianos (BOB) = $1 USD
Expired
A loan of $1,475 helped Gustavo Ariel to buy merchandise to increase his clothing sales (purses, sweaters, etc.).
Repayment Term
21 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 31, 2012
Listed
Sep 13, 2012
Currency Exchange Loss:
Covered
Expired:
Oct 13, 2012