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Victor
Sr. Victor, age 46, lives in conditions that are unfavorable for farming since his area has no irrigation. Therefore, his crops are dependent only on the seasonal rainfall. He has six dependent children who attend school in Mizque. In general, the children must walk to school, but on some occasions they will catch a ride on vehicles that are traveling in the same direction. His wife is Sra. Juana, age 46. She helps with the farm production and with taking care of the cattle.


Due to floods that resulted from the storms during the second week of February, Victor’s crops were negatively impacted. He lost half of his pea and potato crops, resulting in less income from the sale of these products. This direct hit to his finances affected his ability to buy school supplies, construction materials for his home, and food so that his family could eat. To rectify this problem, Victor is requesting a loan in order to buy seeds (onions and carrots), agrochemicals, and organic fertilizer. This will enable him to generate more income that will improve his quality of life and stabilize his family’s finances. As a result, they can resume their path to prosperity.

View original language description ↓
El señor Victor, tiene 46 años de edad, vive en condiciones desfavorables ya que la producción agrícola en la zona no tiene riego, por tanto la producción es únicamente dependiente de las precipitaciones pluviales de la época; tiene seis hijos dependientes que asisten a la escuela de Mizque, por lo general los niños deben caminar para llegar a su escuela y en algunas ocasiones en vehículos que transitan por casualidad esas rutas. Su esposa es la señora Juana, tiene 46 años, Juana colabora en la producción agrícola y el manejo del ganado vacuno. Debido a las riadas ocasionadas por las tormentas en la segunda semana de febrero, los cultivos de Victor fueron afectados en gran parte, ya que perdió el 50% de su producción de arveja y papa, afectando una disminución de ingresos económicos por venta de estos productos. Por todo lo anteriormente mencionado la estabilidad económica de Victor sufrió un desequilibrio, afectando directamente en la adquisición de los materiales escolares e insumos requeridos para la construcción de vivienda y de la canasta familiar para la alimentación de su familia. Para enmendar lo mencionado anteriormente ha recurrido al crédito para comprar semillas de (zanahoria, cebolla), agroquímicos y abono orgánico; de esta manera tendrá mejores ingresos que le ayuden a mejorar su calidad de vida y estabilizar las necesidades económicas de su familia y retomar el camino de la prosperidad.

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

  • $2,817
    Average annual income
  • 75
    View loans »
    Bolivia Loans Fundraising
  • $28,645,575
    Funds lent in using Kiva
  • 6.9
    Bolivia Bolivianos (BOB) = $1 USD

Success!! The loan was 100% repaid

A loan of $725 helped Victor to buy seeds (onions and carrots), agrochemicals, and organic fertilizer.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Feb 25, 2013
Listed
Apr 14, 2013
Currency Exchange Loss:
Covered
Ended:
Mar 17, 2014