The father of her daughter does not live with her, but she already has another partner. He gives her a monthly amount that somewhat helps to compensate for the absence of the child’s father. However, this amount does not cover all of her daughter’s expenses. For this reason, Yoshimar wants to increase her sales by setting up shop in the garage of her parents’ house. She will install a counter where she can display her cosmetics on a daily basis.
The loan will be used to buy a display counter so that she can generate more income and create more stability for her business. As a result, Yoshimar can improve the quality of life for herself and her daughter.
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