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Federico
Our client Federico is a very responsible person. He is known in his union for being dedicated to his family and to his work in the Chaco. He gets up very early every morning to start his daily work. He is a farmer and has an hectare of yuca that yields 350 quintals annually. He also has two plots of three hectares of rice that yield 90 quintals annually. This business allows him to support his family and provide for them. He used to grow pineapple, but because of weather conditions he lost his whole plantation. That is why he is currently requesting a loan, so that he can plant pineapple again and work hard to improve his income and, accordingly, his and his family's quality of life. He found out about the good terms our institution offers borrowers through a comment made by one of the neighbors of his union.
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El señor Federico es un cliente es una persona muy responsable, muy conocida en su sindicato como una persona dedicada a su familia y a su trabajo en el chaco, él se levanta a muy tempranas horas por las mañanas para empezar con su trabajo cotidiano, él se dedica a la agricultura cuenta con cultivos de 1 hectárea de yuca, de la cual saca 350 qq anuales, también cuenta con cultivos de 3 hectáreas de arroz de la cual saca 90 qq anuales, esta actividad le ayuda a sostener a su familia y llevar el sustento a su hogar, con anterioridad el cliente trabajaba con piña pero por factores climáticos perdió toda su plantación, es por eso que en la actualidad él solicita un crédito par a poder volver a plantar piña y así trabajar arduo para así poder mejorar sus ingresos y por ende su calidad de vida de él y su familia. El cliente se entero las buenas condiciones de créditos que ofrece la institución por un comentario de uno de sus vecinos de su sindicato.

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
  • 198
    View loans »
    Bolivia Loans Fundraising
  • $31,410,700
    Funds lent in using Kiva
  • 7.0
    Bolivia Bolivianos (BOB) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,450 helped Federico to plant pineapple.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 9, 2012
Listed
Sep 17, 2012
Currency Exchange Loss:
Covered
Ended:
Sep 17, 2013