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Reynaldo
Reynaldo is 40 years old and has been transporting public passengers for several years now. For nearly one year he has also been providing a transport service to a company in Tarija that distributes food products. He says that his urban public transport service (taxi) is the main source of income for his family, and that his wife and daughter, who is only 4 years old and needs her parents’ help, depend on this income. For this reason he is requesting this loan to repair and restore his vehicle. The car will then return to service, generating income for his family and also providing employment to the driver who is someone he knows well and is trustworthy. In this way he can improve his quality of life and continue supporting his family which is this client’s priority.
View original language description ↓
El Sr. Reynaldo tiene 40 años de edad y hace varios años ya que se dedica a la actividad de transporte de pasajeros público y casi un año que se dedica a prestar sus servicios en una empresa distribuidora de productos comestibles en la ciudad de Tarija. Nos cuenta que la actividad de servicios de transporte público urbano (taxi) es su mayor ingreso familiar del cual dependen tanto su esposa como su hija que solo tiene 4 años de edad y que necesita el apoyo de sus padres; es por tal motivo que realiza la solicitud de este crédito para la reparación de su vehículo y rehabilitarlo poniéndolo de nuevo en servicio que no solo genera ingresos para su familia sino que paralelamente genera una fuente de empleo que lo da a su chofer que es una persona conocida y confiable; de esta manera podrá mejorar su calidad de vida y continuar apoyando a su familia que es lo más importante para el cliente.

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

  • $5,500
    Average annual income
  • 237
    View loans »
    Bolivia Loans Fundraising
  • $31,592,725
    Funds lent in using Kiva
  • 6.9
    Bolivia Bolivianos (BOB) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,450 helped Reynaldo to repair his vehicle (taxi).
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 14, 2012
Listed
Jan 1, 2013
Currency Exchange Loss:
Covered
Ended:
Jan 17, 2014