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Francisco
Francisco is 29 years old and married. He lives with his family in a very modest house that was built with great effort. From a very young age, he has been farming with his father and his siblings. This is how he learned to cultivate different products such as potatoes, onions, peanuts, beans, and other crops.


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.

View original language description ↓
Francisco tiene 29 años de edad, es casado, él vive con su familia en una casita muy humilde que con mucho esfuerzo lograron construir. Desde muy pequeño se dedico a trabajar en la agricultura junto a su padre y hermanos donde fue aprendiendo a cultivar diferentes productos como papa, cebolla, maní, frejol etc.; Francisco vivía en la casa de sus padres junto a su familia, sin embargo decidió independizarse y trasladarse a su casa propia, para ya no depender más de sus padres y cuidar de su propia familia. Francisco está solicitando este crédito para comprar semillas, abono químico y agroquímicos, así empezar su propia producción agrícola y mejorar su calidad de vida; el trabaja en pequeñas parcelas que tiene con toda su familia. También tiene la clara idea de que con este crédito mejorara las condiciones, solvencia económica y que en las próximas oportunidades realizara inversiones con créditos mayores que le permitirán emprender negocios con utilidades de mayor valor económico.

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

  • $5,500
    Average annual income
  • 233
    View loans »
    Bolivia Loans Fundraising
  • $31,576,425
    Funds lent in using Kiva
  • 6.9
    Bolivia Bolivianos (BOB) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,450 helped Francisco to buy seeds (onions, carrots, and beans), chemical fertilizers, and agrochemicals.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Feb 26, 2013
Listed
Apr 11, 2013
Currency Exchange Loss:
Covered
Ended:
Feb 17, 2014