He lived with his parents, but they decided to stop helping him financially so that their son would be more independent. Also, they were not financially solvent enough to help with his education.
He now rents a floor together with his brother. He has six years of experience as a mechanic. He now works as an assistant motorcycle mechanic at a repair shop. He works Mondays through Saturdays from 8:00 a.m until 12:00 p.m. and from 2:00 p.m until 6:00 p.m.
He also knows how to build, and he is building some rooms in which to live. The loan that he is now requesting is to buy tile for the roof of some rooms that he is building on a small piece of land where he will live.
About CIDRECIDRE 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 Housing Loans
Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.
106View loans »