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Lucio
Sr. Lucio lives in the neighbourhood of La Colorada in a friend’s house. He is her caregiver and does not pay rent. He doesn’t have a wife or children to support.

Lucio managed to obtain a vehicle after working hard and saving his money. It now requires servicing and repairs so he is seeking a loan to pay for this. He will then be able to use the vehicle for transport and business, and thus save time. He has earned his living doing bodywork and painting vehicles for ten years, working from the house where he lives.

Lucio’s great hope for the future is to save enough money to buy some land and build a house of his own.
View original language description ↓
El señor Lucio vive en el barrio La Colorada, vive en casa de su amiga como cuidador y que no paga alquiler no cuenta con esposa ni con hijos dependientes de sus ingresos, cuenta con un vehículo que con mucho esfuerzo y con ahorros pudo adquirir, el cual requiere mantenimiento y reparación, que para la misma solicita este crédito y recien podrá tener acceso a transportase y facilitar su negocio y asi ahorrando el tiempo; tiene la actividad de trabajo de chapería y pintura desde hace 10 años atras, trabaja en la misma casa donde vive. Posee una gran esperanza de poder conseguir un lote y poder construir un techo propio con los ahorros a futuro.

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
  • 227
    View loans »
    Bolivia Loans Fundraising
  • $31,576,425
    Funds lent in using Kiva
  • 6.9
    Bolivia Bolivianos (BOB) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,500 helped Lucio repair his vehicle.
100% repaid
Repayment Term
39 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 31, 2013
Listed
Apr 1, 2013
Currency Exchange Loss:
Covered
Ended:
Oct 17, 2014