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Ariel Fausto
Ariel and his wife Nancy sell prepared food for a living. Their consumers are the drivers of the 42 Line, as they are located in a stand set up just for their business at one of the line's stops. After intense work selling food every day, Ariel now has a good amount of savings. As the cost of transporting his food is high, Ariel is asking for a loan to buy a vehicle. This will make transporting the food easier, as the distance from his home to his stand on the 42 Line's stop in the city of Santa Cruz is long. He will buy the vehicle partly with his savings and the rest with the loan. This will make his work easier, increase his profits, and create financial stability. Ariel is very invested in working and getting his budding family ahead.
View original language description ↓
El Sr. Ariel juntamente con su esposa la Sra. Nancy se dedican a la venta de comida, donde el consumidor son los chóferes de la línea 42, ya que esta situada en la parada de la misma línea donde le proporcionaron un sitio para dicha actividad. El sr. Ariel luego de un intenso trabajo de vender comida diario ya posee un buen nivel de patrimonio. Los gastos de traslado de la comida son elevados, por ello el sr. Ariel solicita un Préstamo para adquirir un Vehículo, con el cual va a generar mayor facilidad en el traslado de comida, ya que es larga la distancia del lugar donde vive al puesto de venta de la parada de la línea 42 de la ciudad de Santa Cruz. El vehiculo comprara una parte con sus ahorros y la otra con el prestamo. De esta forma proporcionara mayores facilidades de trabajo, mayor ingreso de sus operaciones y generar la estabilidad en económica. El sr. Ariel tiene gran interés de trabajar y llevar adelante a su familia que empiezan a formar.

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
  • 205
    View loans »
    Bolivia Loans Fundraising
  • $31,480,250
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,500 helped Ariel Fausto to buy a vehicle.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 9, 2013
Listed
May 1, 2013
Currency Exchange Loss:
N/A
Ended:
Apr 17, 2015