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Efrain
Mr. Efrain is 29 years old and single. He lives in a rural community, 1st Toncoli, north of Colomi. He finished primary school. Efrain is a young and very responsible person with his obligations and activities, according to his neighbors. He works in agriculture during the year, his income comes from selling potato and oca [Oxalis tuberosa] and he also helps in this way his nephews, which have limited economic resources.

Young Efrain mentions that he just got the finishing work in his house done, in which he invested all his savings, and he is lacking money to buy agricultural supplies. Now that he has parcels ready for sowing, he needs help to buy organic fertilizer (chicken manure) and potato seeds.

Finally, he is very hopeful that his life will improve. He wants to improve and grow in his business, in order to be able to have a family in the future and to give them all his efforts' fruits.
View original language description ↓
El señor Efraín de 29 años de edad estado civil soltero, vive en una comunidad rural 1er Toncoli hacia el norte de Colomi con una instrucción de nivel primaria. Efraín es una persona joven muy responsable con sus obligaciones y actividades según que manifiestan sus vecinos del domicilio, se dedica a la actividad agrícola dentro del año, tiene ingresos económicos de la venta de papa y oca que también les ayuda de esta forma a sus sobrinos que son de escasos recursos. El joven Efraín nos cuenta que recientemente hizo terminar la obra fina de su vivienda lo cual invirtió todo el ahorro que tenía y le falto dinero para compra de insumos agrícolas ya que tiene parcelas preparadas para la siembra, el necesita ayuda para comprar abono orgánico (gallinaza) y semilla de papa. Por último él tiene mucha esperanza de mejorar su vida, él quiere mejorar y crecer en su negocio para que en un futuro también él pueda tener familia y brindarles todo el fruto de su esfuerzo.

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
  • 132
    View loans »
    Bolivia Loans Fundraising
  • $30,305,725
    Funds lent in using Kiva
  • 7.0
    Bolivia Bolivianos (BOB) = $1 USD

Success!! The loan was 100% repaid

A loan of $875 helped Efrain to buy organic fertilizer (chicken manure) and potato seeds.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Sep 7, 2012
Listed
Oct 10, 2012
Currency Exchange Loss:
Covered
Ended:
Oct 17, 2013