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Edgar
Edgar is single and has lived in the Villa Verde neighborhood of Cochabamba for many years. He is from the Chapare province, within the Cochabamba department. It’s one of the poorest areas in Bolivia. He came from his native community of Colomi, as most did, to look for a better opportunity. Production decreased in his native community because of climate changes, and it continues to drop and become scarcer, so he decided to come to the tropical area. Over time and with lots of hard work, he bought a plot of farmland and works as a farmer. He is asking for this loan to expand his yucca production and be able to improve his life. He has been cooperating with his group, “Monte Sinay,” whose members run their own businesses.
View original language description ↓
EL CLIENTE EDGAR ES SOLTERO. DESDE HACE AÑOS, RADICA EN EL TROPICO DE COCHABAMBA, EN EL BARRIO VILLA VERDE DEL MUNICIPIO DE ENTRE RIOS. EL CLIENTE ES DE LA PROVINCIA CHAPARE DEL DEPARTAMENTO DE COCHABAMBA, UNO DE LOS LUGARES MAS POBRES DE BOLIVIA, VINO DE SU COMUNIDAD DE COLOMI COMO LA MAYORIA DE LAS PERSONAS BUSCANDO MAYOR OPORTUNIDAD DE VIDA, EN SU COMUNIDAD LA PRODUCCION BAJÓ DEBIDO A LOS CAMBIOS CLIMATOLOGICOS, DIFICIL DE CONTROLAR, CADA VEZ LA PRODUCCION BAJA Y ESCASEA, POR LO QUE DECIDIO IR AL TROPICO, PERO CON EL TRANSCURSO DEL TIEMPO, CON MUCHO TRABAJO Y ESFUERZO SE COMPRO SU LOTE AGRICOLA, EN LA QUE HOY EN DIA TRABAJA EN EL SECTOR AGRICOLA. EL CREDITO QUE ESTA SOLICITANDO ES PARA AMPLIACION DE YUCA DE ESTA MANERA PODRA MEJORAR SU NIVEL DE VIDA TAMBIEN HA ESTADO SIEMPRE COLABORANDO EN SU SINDICATO MONTE SINAY QUE REALIZAN SUS ACTIVIDADES ECONOMICAS EN SU SINDICATO.

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
  • 200
    View loans »
    Bolivia Loans Fundraising
  • $31,424,025
    Funds lent in using Kiva
  • 6.9
    Bolivia Bolivianos (BOB) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,500 helped Edgar compra semilla de yuca para ampliar la producción.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Nov 30, 2012
Listed
Feb 1, 2013
Currency Exchange Loss:
Covered
Ended:
Sep 17, 2013