Martin only studied up to secondary school because his parents didn't have the money. This is why Martin started working in the tropics of the Chapare when he was very young. He met his wife there and they decided to come to the city, to the area of Chaupisuyu, Sacaba, Cochabamba, so their children could attend school.
Currently Martin has a cart with which he works from Monday through Sunday in urban transportation services.
The loan Martin has requested is to buy construction materials because he invested all his savings in building a house. He didn't have enough for the finishing touches. This way Martin can give his children a better quality of life with a welcoming home.
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.
About Housing Loans
Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.
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