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Nicolas
Mr. Nicolás is 54 years old; he lives with his 4 children as his wife left him 13 years ago. Mr. Nicolás and his children are farmers, they grow potatoes, ulloco, and oca in 2.8 hectares of land since it is an inheritance from his parents and he has a lot of experience in the field. The place is located in the Kuri mayu community, some 75 km. from the city of Cochabamba. Mr. Nicolás says that his children would like to live in a comfortable home, where they live now is rustic and they need money. The loan will be used to build a home; his savings were used for agricultural products because this year with his children they planted more potatoes. Mr. Nicolás’ dream is to give his children a dignified life, an education and a comfortable home, the area where they live in has no necessary infrastructure.
View original language description ↓
El señor Nicolás tiene 54 años de edad vive con sus 4 hijos, la esposa le abandono hace 13 años, él y sus hijos son agricultores producen papa, papaliza, oca cultivan en un terreno de 2.8 Has que es herencia de sus padres tiene mucha experiencia en el rubro, ellos se encuentran en la comunidad de Kuri mayu a 75 km de la ciudad de Cochabamba. Nicolás nos comenta que sus hijos quieren vivir en una casa cómoda, la casa que tiene es rustico y para ello necesitan dinero, un préstamo para la construcción de vivienda, el ahorro que tenía lo invirtió en los insumos agrícolas porque este año juntamente con sus hijos sembraron en más superficie la papa, su sueño es dar una vida digna a sus hijos, estudio y una vivienda cómoda, en la zona no existe los servicio básicos.

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
  • 188
    View loans »
    Bolivia Loans Fundraising
  • $30,960,550
    Funds lent in using Kiva
  • 6.9
    Bolivia Bolivianos (BOB) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,450 helped Nicolas build a home.
100% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Nov 29, 2012
Listed
Jan 1, 2013
Currency Exchange Loss:
Covered
Ended:
Aug 26, 2014