The client, Dennis, is 22 years old and single. He works in a telecommunications business in the city of Cochabamba. Currently he lives in the western part of the city, approximately eight kilometers from Cochabamba. His house is his own and his family's. He lives with his parents and siblings, and has no dependent children.
The purpose of the new loan from the institution is for business capital. He's going to buy merchandise to sell clothing because his income in the business is not enough for his family expenses.
Currently he supports his family, covering all the expenses. He needs the capital for the business.
El cliente Dennis, es un señor de 22 años de edad, el cliente es soltero, el cliente trabaja en una empresa de Telecomunicaciones en la ciudad de Cochabamba, actualmente el cliente vive por la zona oeste de la ciudad, aproximadamente a 8 km de la ciudad de Cochabamba, la casa donde vive el cliente es propia y de su familia, el cliente vive con sus papás y sus hermanos, el cliente no tiene hijos dependientes y el destino del nuevo crédito es para capital de comercio, el cliente va a comprar mercadería para vender ropa, debido a que sus ingresos en la empresa es muy poco para mantener los gastos de su familia, en la actualidad el cliente mantiene a su familia cubriendo todos los gastos y necesita el capital para el negocio.
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.