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Luis Carlos
Luis is a hard-working and enthusiastic young man. He lives in his parents’ house. Many years ago his mother went to live in Chile in order to generate more income and help with the household expenses. The client went to see his mother and saw that he could bring mobile phones and sell them to earn his own money, with which he could pay for his personal expenses and help with the household expenses. Luis studied Business Administration at university, but due to a lack of income he had to leave; however, he will resume his studies as soon as he is earning a higher income because it is important for him to have a profession and his family have advised him to do so.

Although his sales are going well, he does not want to remain a merchant. He needs the loan in order to be able to stock his business. Sometimes he has important orders for a particular model or brand and he does not have the necessary capital to buy these immediately, and this would be a factor in not having the operations he would desire in a business.
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El señor Luis es un joven trabajador, y entusiasta, vive en la casa de sus padres, hace muchos años, su mamá para poder generar un ingreso y colaborar con los gastos del hogar se fue a vivir a Chile, el cliente por visitar a su madre, viajo y vio que podía traer celulares para poder venderlos y ganar su propio dinero, con el cual puede pagar sus gastos personales y también colaborar con los gastos del hogar, el señor Luis estudiaba en la Universidad la Carrera de Administración de Empresas, pero por falta de ingresos económicos dejo la misma, sin embargo retomara sus estudios, en cuanto genere mejores ingresos , porque para él y por consejo de sus familiares es importante tener una profesión. Aunque con las ventas le va bien él no quiere quedarse como comerciante. Necesita del crédito para poder abastecer su negocio, en ocasiones tiene pedidos importantes de algún modelo o marca especial y no cuenta con el capital necesario para comprar los mismos de manera inmediata, y ese sería un factor para no tener el movimiento que él desearía en su negocio.

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
  • $31,613,325
    Funds lent in using Kiva
  • 6.9
    Bolivia Bolivianos (BOB) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,500 helped Luis Carlos to purchase mobile phones and accessories for stocking his business.
100% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 28, 2013
Listed
May 1, 2013
Currency Exchange Loss:
Covered
Ended:
Jun 17, 2015