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Basilio
Basilio, 54, married with five dependent children in primary school, lives in Liriuni, a rural community east of Colomi. Basilio’s economic activity is agricultural production. He sells potatoes, beans and oca. In addition, he has 2 beef cattle and 1 dairy cattle, thus he supported financially through his work for food.

He needs a loan for the purchase of 2 beef cattle and to be able to increase his cattle while increasing his capital, for this reason he is requesting a loan since the savings he had he invested in the purchase of agricultural supplies.

Basilio, feels happy to be able to have this loan. He assures that the purchase of beef cattle is a good investment because he will take advantage of this time of year where there is a lot of forage and grass for the feeding and growth of his cattle.
View original language description ↓
El Señor Basilio de 54 años de edad casado con cinco hijos dependientes, con instrucción de nivel primario, vive en una comunidad rural Liriuni hacia el este de Colomi. El Sr. Basilio cuenta con una actividad económica producción agrícola, vende papa, haba y oca, además cuenta con ganado vacuno 2 de engorde y 1 lechera, de esta forma se mantiene económicamente atraves de su trabajo para la alimentación, el necesita un crédito para la compra de 2 cabezas de ganado vacuno de engorde y poder aumentar su ganado a la vez incrementar su capital, por este motivo solicita el préstamo ya que el ahorro que tenía lo invirtió en compra de insumos agrícolas. El Sr. Basilio, se siente contento de poder acceder a este préstamo, el asegura que es una buena inversión la compra de ganado vacuno porque aprovecha esta época del año donde existe bastante forraje y pasto para la alimentación y crecimiento de sus ganados.

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
  • 239
    View loans »
    Bolivia Loans Fundraising
  • $31,598,925
    Funds lent in using Kiva
  • 6.9
    Bolivia Bolivianos (BOB) = $1 USD

Success!! The loan was 100% repaid

A loan of $875 helped Basilio to buy beef cattle.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Feb 14, 2013
Listed
Apr 9, 2013
Currency Exchange Loss:
Covered
Ended:
Apr 17, 2014