Mikaela currently lives in the southern part of the city, which is approximately eight kilometers from the main area of Cochabamba. She lives at her parents’ house. This new loan from CIDRE will be used to buy a dairy cow and cattle feed. At the moment her milk production is very low, which means she is generating relatively little income. With this loan, she hopes to increase her earnings from this business.
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.
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