Francisco had lived at his parents’ house along with his own family, but he decided that he wanted to be independent, so he and his family moved into a house of their own. He is requesting a loan in order to buy seeds, chemical fertilizers, and agrochemicals. Francisco plans to start producing his own crops so that he can improve his quality of life. He works on small parcels of land that he shares with his entire family. Francisco has a clear idea that this loan will improve his conditions and his financial solvency. With upcoming opportunities, he plans to invest larger loans so that he can establish profitable businesses that have great economic value.
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