Victor produces pineapple, rice, and other products on a smaller scale for family consumption. His average annual sales include 18,000 units of pineapple grown on one hectare of land and 25 quintales (1 quintal = 100 kilograms) of rice that is grown on another hectare of land. Whatever he produces is sold from his farm or at the nearby market. This business activity has a regular season that lasts throughout the year.
The loan he is currently requesting will be used to expand and maintain his pineapple crop, which produces sufficient output to generate a good income. Victor’s resources are not sufficient to carry out all of his activities, so this current loan will expand and maintain his pineapple production. As a result, he can grow as a farmer.
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.
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Success!! The loan was 100% repaid