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Paulo
Paulo is 36 years old and lives with his wife. They have a 14 year-old daughter who is dependent on them, though she is studying at a high school in the city of Monteagudo because there was no way for her to continue her education in their community. She lives alone in her grandparents' house, which they have through an anticrético arrangement. Her parents live in the community of El Puente, which is located some 140 kilometers from the city of Monteagudo. Paulo's principal activity is agriculture, although these days it is very risky because he doesn't always recover his production costs due to climatic factors that can hurt the growing cycle and affect yields. For this reason, he also raises and sells cattle to earn extra income and cover his expenses. He will use this loan to buy hybrid corn seeds, agrochemicals, and wire for enclosing his pastures, and eventually to pay for labor because he does not have sufficient resources to be able to ready his land and complete the planting.
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El señor Paulo tiene 36 años de edad, vive con su esposa y tiene una hija de 14 años de edad que depende de ellos, esta estudiando en el colegio de nuestra ciudad de Monteagudo, porque en la comunidad ya no existe el curso para que continúe estudiando y vive sola en la casa de sus Abuelos que sacaron como anticrético. Sus padres viven en la comunidad el Puente ubicado a unos 140 km de la Ciudad de Monteagudo, Su principal actividad es la agricultura aunque hoy en día es muy riesgosa debido a que los factores climáticos perjudican en el ciclo productivo que afectan en los rendimientos, porque a veces no se recupera los costos de producción. Es por eso que también obtiene ingresos por la cría y venta de ganado vacuno para así poder obtener ingresos extras y cubrir todos sus gastos. El préstamo será destinado para la compra de semilla hibrida de maíz, agroquímicos, alambre para el encerrado del potrero y pago de mano de mano de obra del personal eventual ya que él no cuenta con recursos suficientes para poder empezar a preparar sus terreno y realizar la siembra.

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
  • 102
    View loans »
    Bolivia Loans Fundraising
  • $29,028,000
    Funds lent in using Kiva
  • 6.9
    Bolivia Bolivianos (BOB) = $1 USD
Expired
A loan of $1,450 helped Paulo to pay for hybrid corn seeds, agrochemicals, wire, and labor.
Repayment Term
27 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Sep 5, 2012
Listed
Oct 5, 2012
Currency Exchange Loss:
Covered
Expired:
Nov 4, 2012