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Juan Gabriel
Juan began working as a mechanic's assistant at an early age, and this work later became his main income source. He decided to increase his knowledge and is studying mechanics at the Simon Bolivar institute. He has paid his tuition and fees by working and is now in his final semester.

He is applying for a loan to buy tools to open his own repair shop in his mother's house. She is offering him space so that he can start his business. Management of the micro bus line N° 14 has offered him the position of official mechanic in light of his excellent work. With this loan, Juan will be able to realize his dream of having his own workshop and generating more income for his household.
View original language description ↓
El Joven Juan desde muy temprana edad comenzó a trabajar en la mecánica como ayudante, para luego convertirse en su principal ingreso de sustento diario, por tal motivo decidió mejorar sus conocimientos en mecánica en general y comenzó a estudiar en la escuela de mecánica SIMON BOLIVAR, durante sus años de estudio el solventaba sus estudios con su trabajo, actualmente cursa su último semestre de estudio, la solicitud del préstamo es para comprarse herramientas de mecánica que le será de utilidad para montar su propio taller, en casa de su madre que le está brindando todo el espacio de adelante para que él pueda iniciar con su negocio, como respaldo de su buen trabajo la dirección de la línea de transporte de micros N° 14 le ha ofrecido que se vaya con ellos como su mecánico oficial, con este préstamo el Sr. Juan podrá hacer realidad su sueño de tener su propio taller y generar más ingresos para ayudar en su casa.

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
  • 118
    View loans »
    Bolivia Loans Fundraising
  • $28,261,650
    Funds lent in using Kiva
  • 6.9
    Bolivia Bolivianos (BOB) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,025 helped Juan Gabriel to buy mechanic's tools.
100% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 30, 2012
Listed
Feb 1, 2013
Currency Exchange Loss:
Covered
Ended:
Nov 17, 2013