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Kenny
Kenny is 34 years old and completed primary school. He tells us that he was unable to finish his education due to a lack of financial resources and he started to work at a young age so that he could support his parents financially. After some years Kenny had his own family and he now has four children, all of whom are at different stages in their education. Kenny has worked in different areas, including agriculture, as a motorbike taxi driver and in construction. In this last work, he learned how to build homes and he now works as a builder and motorbike taxi driver. Kenny used his first loan to start a banana plantation and to buy the motorcycle that he currently owns. In recent weeks he was in a motorbike accident and it is now in a bad condition. As a result he needs to sell it but will not make enough money on it to cover the costs of buying another one. So, Kenny is applying for a loan to help pay for a new motorcycle, which would be one of his main sources of income.
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El señor Kenny tiene 34 años estudio hasta nivel primaria, según nos cuenta sus historia el no culmino los estudios por falta de recursos económicos, de muy corta edad tuvo que trabajar para poder ayudar a sus padres económicamente. Después de algunos años formo su familia, actualmente tiene 4 dependientes que se encuentran estudiando en diferentes niveles, el señor Kenny trabajo en diferentes actividades tanto de agricultura y brindando servicios de moto taxista, albañilería, en ese trayecto aprendió a construir viviendas y actualmente trabaja como albañil en la construcción y tambien como mototaxista. El señor Kenny en una primera ocasión solicito su primer creditocon el cual realizo una plantación de plátano y compro la motocicleta que tiene actualmente, en las ultimas semanas sufrió un accidente con su motocicleta y la misma se encuentra en mal estado por esta razón tiene la necesidad de venderla sin embargo el pago que recibirá por ella no es suficiente para cubrir la compra de otra nueva bicicleta por esta razón solicita un crédito que le ayude en la compra de una nueva motocicleta, que es una de sus principales fuentes de ingreso.

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
  • 92
    View loans »
    Bolivia Loans Fundraising
  • $28,138,200
    Funds lent in using Kiva
  • 6.9
    Bolivia Bolivianos (BOB) = $1 USD
Paying Back

This loan has been fully funded!

A loan of $725 helped Kenny to buy a motorcycle.
47% repaid
Repayment Term
50 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 28, 2013
Listed
May 1, 2013
Currency Exchange Loss:
Covered