During the early morning hours, Ricardina wakes up so that she can begin cooking for her business. Her children help her whenever they can since they are studying at the university. Ricardina took charge since her ex-husband does not help with the family expenses. Her oldest son helps with some of the expenses that he is able to pay.
The current loan Ricardina is requesting will be used to buy furniture and food supplies since she does not have the capital. She needs to expand her business a bit more in order to generate some more income so that she can continue paying for her children’s education.
About CIDRECIDRE 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.
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Success!! The loan was 100% repaid