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Lorenzo
Lorenzo lives with his parents in the “11 de enero” area of the Cochabamba department, Carrasco province, town of Entre Ríos. He is single and works in farming. He raises bananas, rice, and yucca. He has an average harvest of 1,200 clusters (one hectare) of bananas, 25qq (one hectare) of rice, and 200qq (0.5 hectares) of yucca. Production is steady throughout the year. He will use the money from this loan to expand and maintain his banana crop. This production provides good income but he doesn’t have enough capital to complete the project. He will use the money from this loan to expand his banana production and create more.
View original language description ↓
EL señor Lorenzo vive en el sindicato 11 de enero, perteneciente al departamento de Cochabamba, provincia Carrasco, municipio Entre Ríos, donde vive con sus padres, es soltero y trabaja dedicándose a la actividad agrícola. Tiene en producción plátano, arroz, yuca. Tiene una venta promedio anual de los productos: plátano (1ha) 1200 racimos, arroz (1ha) 25qq, y yuca (1/2ha) 200qq. La actividad es regular a lo largo del año. El presente crédito solicitado por el señor Lorenzo es para la ampliación y mantenimiento del cultivo de plátano, esta producción le genera buenos ingresos económicos, ya que los recursos con los cuales cuenta no son suficientes para llevar a cabo toda la actividad. Con el presente crédito podrá ampliar la producción del cultivo de plátano y así crecer más

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
  • 100
    View loans »
    Bolivia Loans Fundraising
  • $29,542,450
    Funds lent in using Kiva
  • 6.9
    Bolivia Bolivianos (BOB) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,450 helped Lorenzo to expand and maintain his banana crop.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Jan 28, 2013
Listed
Apr 1, 2013
Currency Exchange Loss:
Covered
Ended:
Oct 17, 2013