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Lorenzo
Lorenzo is 59 years old and is married to Sabina. They have four grown children; two are self-sufficient and two are high school students. Lorenzo is a farmer who grows potatoes and quinoa throughout the year. He lives 14 km from Cochabamba in the Villa Obrajes area in the locality of Sacaba. Señor Lorenzo needs some investment capital in order to fix the broken tractor that he uses to farm potatoes and quinoa. He uses this tractor to plant and harvest his crops. Quinoa is grown in Ichalula, which is in the department of Oruro. He works with is children and his wife and sells his produce at the market in Oruro. Most of the year he lives in Cochabamba where he has built a home so as to improve the living conditions of his family and their loved ones.
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Lorenzo tiene 59 años de edad, está casado con Sabina, tiene 4 hijos grandes dos independientes y dos estudiantes de nivel secundario, es agricultor, produce papa y quínua durante el año, vive a 14 km. de la ciudad de Cochabamba en la zona de Villa Obrajes, Lava Lava, localidad de Sacaba. El señor Lorenzo necesita capital de inversión para arreglar un tractor que tiene desperfectos por el uso y que utiliza para las labores de producción de papa y quínua, con este tractor presta servicios para las labores de siembra y cosecha. La producción de quínua la realiza en el departamento de Oruro localidad de Ichalula, trabaja con sus hijos y esposa, y vende su producto en el mercado de Oruro. Vive en Cochabamba la mayor parte del año donde ha construido sus habitaciones para la familia con el fin de mejorar sus condiciones de vida así como la de sus seres queridos.

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
  • 130
    View loans »
    Bolivia Loans Fundraising
  • $29,665,275
    Funds lent in using Kiva
  • 7.0
    Bolivia Bolivianos (BOB) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,025 helped Lorenzo to fix his tractor.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Mar 5, 2013
Listed
May 1, 2013
Currency Exchange Loss:
Covered
Ended:
Oct 17, 2013