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Erick
The Young Erick is 22 years old. He needs three years to finish with his studies in school. He did not finish because of the lack of economic resources on his widowed mother’s part and a lack of direction since his friends were bad influences. He began to work two years ago as a construction worker. He lives in his mother’s house with his siblings in the Sacaba zone of Cochabamba, Bolivia. He is single and he does not have children.

Currently he works with a construction contractor and they have various contracts for home construction. From the income that he receives as a construction worker, he intends to contribute to the family expenses and to save money. The young Erick requests the loan for the purchase of a mixer, since currently they rent one at a very elevated cost. He intends to buy the mixer to rent to his boss at a lower cost and therefore have a higher income.
View original language description ↓
El joven Erick, tiene 22 años, le falta tres años para culminar con sus estudios en el colegio, no termino por falta de recursos económicos por parte de su madre que es viuda y por falta de orientación, ya que tubo una mala influencia de sus amigos. Empezó a trabajar hace dos años como albañil, vive en la casa de su madre junto a sus hermanos en la zona de Sacaba - Cochabamba- Bolivia, es soltero y no tiene hijos. Actualmente trabaja con un contratista de albañil y tienen varios contratos para construcción de casas. De los ingresos que percibe como albañil, es destinado para colaborar con los gastos de la familia y para su ahorro. El joven Erick solicita el crédito para la compra de una mezcladora, ya que actualmente ellos se alquilan a un costo muy elevado, por lo que pretende comprar la mezcladora para alquilar a su jefe pero a un costo mas bajo y así tener un ingreso mayor.

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
  • 109
    View loans »
    Bolivia Loans Fundraising
  • $29,137,325
    Funds lent in using Kiva
  • 6.9
    Bolivia Bolivianos (BOB) = $1 USD
Paying Back

This loan has been fully funded!

A loan of $1,500 helped Erick to buy a mixer.
69% repaid
Repayment Term
39 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 14, 2013
Listed
Mar 1, 2013
Currency Exchange Loss:
Covered