Antonio and his family live in the Sacaba province. His main business activity is passenger transportation, and he belongs to a union. He is currently the only one who supports his entire family. His wife does not work because she devotes herself completely to their children.
The loan is to build his house on the lot that he bought. This will help him a great deal because he will stop paying rent, and they will live more comfortably. This is the second time that Antonio has requested a Kiva loan. He says that he is very happy because with this money he has managed to finish paying for his land. Among his goals is having his children study for a professional career. This way they will be able to have a better standard of living.
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.
About Housing Loans
Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.
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