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Encarnación
Señora Encarnación is a single mother and has worked independently for several years. She has a neighborhood store in which she spends as much time as possible keeping it stocked up to the liking of her customers. Every day she starts her workday at 5:30 in the morning to go buy meat and chicken for her sales. She has the help of her daughter who still depends on her because she is in school. The contribution of her daughter is significant because only the two of them take care of sales.

Señora Encarnación, in past efforts, asked for a loan which she payed off in a timely manner, demonstrating that she can fulfill her obligations. The loan is in favor of her business, for which she needs to buy more supplies and thus be able to offer better service to her customers. She has shown herself to be efficient in her business and fulfilling in her obligations.
View original language description ↓
La señora Encarnación es madre soltera y trabaja de manera independiente desde hace varios años. La Sra. Encarnación tiene una venta de barrio en la cual dedica el mayor tiempo posible en mantenerlo surtido para el agrado de sus clientes , la señora todos los días inicia la jornada desde las 5:30am hora en que va comprar carne y pollo para su venta, tiene el apoyo de su hija la cual aun depende de ella porque está estudiando, su aporte de su hija es significativo ya que solamente las dos atienden la venta. La señora Encarnación, en gestiones pasadas solicito un crédito el cual pago de manera puntual demostrando ser cumplida con sus obligaciones, el préstamo es en favor de su negocio para lo cual necesita comprar más insumos para su negocio y así poder brindar un buen servicio a sus clientes. Ella demostró ser eficaz en su negocio y cumplida con sus obligaciones.

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
  • 77
    View loans »
    Bolivia Loans Fundraising
  • $28,685,150
    Funds lent in using Kiva
  • 6.9
    Bolivia Bolivianos (BOB) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,500 helped Encarnación to buy merchandise for her store.
100% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 24, 2012
Listed
Feb 1, 2013
Currency Exchange Loss:
Covered
Ended:
Apr 17, 2013