Check out some available loans that are similar to this one!
Reynaldo Severo
Reynaldo is well known for his work by many professional drivers, who trust their taxis and minibuses to his experience and knowledge. He has two young children who still live with he and his wife, a loving mother who dedicates herself to household tasks. She waits for the children every day coming home from school with lunch ready while Reynaldo works all day at his auto repair shop. Reynaldo knows everything there is to know about automobiles because he has worked in repair shops learning the trade since he was very young. This makes him very proud because it is his main source of income to provide for his family. He is requesting the loan to stock his shop with new tools, since he has had his current ones for some time and they are worn from daily use. These tools as wells as a hydraulic jack are essential to his shop. Reynoldo wears a big smile when he says that his children plan to follow in his footsteps, but they want to study mechanical engineering and have a big repair shop.
View original language description ↓
Don Reynaldo, es muy conocido por su trabajo, conocido por muchos choferes, quienes confían sus taxis y minibuses por su experiencia y conocimiento para la refacción de los mismos. Tiene 2 hijos jóvenes, que todavía viven a su lado, junto a su esposa, cariñosa madre dedicada a las labores de casa, quien todos los días espera a sus hijos de la escuela con el almuerzo listo y también a Don Reynaldo quien trabaja todo el día en su taller de mecánica automotriz. Conoció todo lo relacionado a vehículos porque desde muy joven trabajo en un taller de mantenimiento de vehículos de donde aprendió su oficio, del cual esta muy orgulloso, porque es su principal fuente de trabajo, que le permite generar sus ingresos para mantener a su familia. El principal motivo por el que necesita del crédito es para abastecer su taller con nuevas herramientas, pues las otras ya tienen buen tiempo, y por el uso diario ya están gastadas. Tanto las herramientas como la gata hidráulica son imprescindible para el taller de don Reynaldo. Muy sonriente el Sr. Reynaldo menciona que sus hijos piensan seguir sus pasos pero desean estudiar Ingeniera Mecánica, y poder tener un gran Taller Automotriz.

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
  • 199
    View loans »
    Bolivia Loans Fundraising
  • $31,424,025
    Funds lent in using Kiva
  • 7.0
    Bolivia Bolivianos (BOB) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,475 helped Reynaldo Severo to purchase tools and a hydraulic jack.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 12, 2012
Listed
Feb 1, 2013
Currency Exchange Loss:
Covered
Ended:
Aug 26, 2014