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Luis
Sr. Luis is 44 years old and single, but in a common-law relationship. Luis finished elementary school and lives in his own home. He has three children who are financially dependent on him.

Luis engages in farming activities such as growing potatoes, beans, peas, and carrots on land that he owns. He waters his crops by utilizing the irrigation and sprinkler systems that are shared within the community of K’ayarari in the town of Tíraque. This area is located quite some distance from the city of Cochabamba, specifically at Km. 89 along the old highway to Santa Cruz.

Luis and his family say that they want to improve and increase their farming production. In order for this to happen, they need to request investment capital for buying farming supplies. By obtaining a loan in this manner, he will be able to generate more income so that he can improve his family’s quality of life.
View original language description ↓
El señor Luis, es una persona de 44 años de edad de estado civil soltero pero vive en concubinato, alcanzo a estudiar la primaria, vive en su propio domicilio, cuenta con tres dependientes económicos a cargo los cuales son sus hijos; la actividad económica a la que se dedica es la producción agrícola; producen papa, haba, arveja y zanahoria en sus propias parcelas los mismos que cuentan con riego por inundación y aspersión que se hallan situadas en la comunidad de K'ayarani del municipio de Tíraque distante desde la ciudad de Cochabamba sobre la carretera antigua a Santa Cruz en el Km. 89. Y finalmente el cliente y su familia manifiestan tener el deseo de mejorar e incrementar su producción agrícola y para tal efecto se ven en la necesidad de solicitar capital de inversión para realizar la compra de insumos agrícolas que a mediano plazo le permitirá obtener mayores ingresos que van a mejorar la calidad de vida de su familia.

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
  • 109
    View loans »
    Bolivia Loans Fundraising
  • $29,634,925
    Funds lent in using Kiva
  • 7.0
    Bolivia Bolivianos (BOB) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,025 helped Luis to buy farming supplies.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Sep 25, 2012
Listed
Dec 1, 2012
Currency Exchange Loss:
Covered
Ended:
Nov 17, 2013