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Demetrio
Demetrio, 56, has a high-school education and five children. He is very respectful and humble. He lives in Agrigento near Villa Tunari, Km 165 on the Cochabamba - Santa Cruz highway. The place he lives is popular for its fish soups. He had a restaurant there, that his wife managed. They were indebted to some financial institutions. He worked in the mine and sent his money to his wife for expenses. But he says that she got behind in the payments and they separated because of the situation. His wife went to Cochabamba and he had to take charge of his family, and little by little he resolved his accounts. He rented the restaurant out to another person and now he works in Chimore as a driver at a gas distributor. His children, most of whom are independent, support him, and along with his daughter (pictured) he is asking for the loan to set up another restaurant on the land they have so they can rent it as well. And improve their income and quality of life.
View original language description ↓
Don Demetrio, una persona de 56 años de edad, bachiller, tiene 5 hijos. Una persona muy respetuosa y humilde. El vive en la población de Agrigento cerca a Villa Tunari, Km 165 de la carretera Cochabamba - Santa Cruz. El lugar donde vive es popular por la venta de caldos de pezcado, donde el tenía su restaurant, que administraba su esposa. Tenian deudas con algunas instituciones financieras. El trabajaba en la mina y mandaba su dinero a su esposa para los gastos, pero cuenta él que su esposa se retraso en pago de las deudas y llegaron a separarse por esta situación, su esposa se fue a Cochabamba y el tuvo que hacerse responsable de su familia y poco a poco solucionó sus cuentas pendientes. Alquiló a otra persona el restaurant que tiene y ahora trabaja en Chimore como chofer en una distribuidora de gas. Sus hijos, la mayoria independientes lo apoyan y el ahora junto a su hija (en la foto Sr. Demetrio con su hija) solicita el crédito para situar otro restaurant dentro el terreno que tiene para tambien alquilarlo. Y mejorar sus ingresos y calidad de vida.

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
  • 225
    View loans »
    Bolivia Loans Fundraising
  • $31,480,250
    Funds lent in using Kiva
  • 6.9
    Bolivia Bolivianos (BOB) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,450 helped Demetrio to remodel a restaurant.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 15, 2013
Listed
Apr 9, 2013
Currency Exchange Loss:
Covered
Ended:
Mar 17, 2014