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Miguel
Miguel is 30 years old and married to Heidy. They do not have children that they have to support. Miguel lives with his wife and in-laws. They are currently living in a very old house in Sariri in Cerro Verde in the southern part of the city of Cochabamba. Around six kilometres from Cochabamba, the house is their own. Miguel currently makes a living selling clothes from his business in the city's local market. This loan will be used as operational capital to buy merchandise for the business and thus to be able to cover the costs of necessities for his family.
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El señor, Miguel es un señor de 30 años, está casado con la señora Heidy, ambos no tienen hijos dependientes, el señor Miguel vive con su esposa y con sus suegros, actualmente él y su esposa vive en una casita muy antigua, en la zona Sud, de la ciudad de Cochabamba, Cerro Verde, calle Sariri. Aproximadamente a 6 km. de la ciudad de Cochabamba. la casa donde viven es propia, Actualmente se dedica al comercio de ropas al por menor que su negocio lo realiza en el mercado local de la ciudad, el destino del presente crédito es para capital de operación para comercio, donde invertirá en más mercadería para su negocio y así podrá satisfacer las necesidades que pasa su familia.

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
  • 89
    View loans »
    Bolivia Loans Fundraising
  • $28,926,250
    Funds lent in using Kiva
  • 6.9
    Bolivia Bolivianos (BOB) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,500 helped Miguel to buy merchandise.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 29, 2013
Listed
Apr 1, 2013
Currency Exchange Loss:
Covered
Ended:
Nov 17, 2013