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Maximo
Máximo lives in Colomi. He is 25 years old. He is single and economically independent. He is a farmer and works in five plots inherited from his parents. He grows potatoes, ulluco and oca (root vegetables). He rotates the crops and has experience in the fields. In addition, he has three cows for fattening and two dairy cows. Máximo needs to loan to purchase organic fertilizer in order to take advantage of this time because the prices are low and it’s delivered to the same place. For this reason, he came to our office to request a loan. The savings he had were invested in farming supplies. Máximo felt happy about having the opportunity to receive a loan, in addition to having the support from the institution. With the purchase of the organic fertilizer, the planting of potatoes and other products are secured for food security and to generate more income in the future.
View original language description ↓
El Sr. Máximo vive en la comunidad de Colomi, tiene 25 años de edad, de estado civil soltero, económicamente es independiente, se dedica a la agricultura siembra en terreno de 5 Has herencia de sus padres; produce papa, papaliza y oca, con rotación de cultivos con experiencia en el rubro, además cuenta con cabezas de ganado 3 de engorde y 2 lecheras. El Sr Máximo requiere el crédito para la compra de abono orgánico ya que quiere aprovechar esta época porque los precios son bajos y le entregan en el mismo lugar, por este motivo se apersono a nuestra oficina a solicitar un préstamo, ya que el ahorro que tenia lo invirtió en compra de insumos agrícolas.Por último Máximo se sintió contento al tener la oportunidad de acceder al crédito, además de poder contar con la ayuda de la institución porque con la compra de abono orgánico ya tiene asegurado la siembra de papa y otros productos para la seguridad alimentaria y generar mejores ingresos a futuro.

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
  • 73
    View loans »
    Bolivia Loans Fundraising
  • $28,632,000
    Funds lent in using Kiva
  • 7.0
    Bolivia Bolivianos (BOB) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,025 helped Maximo purchase organic fertilizer.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Apr 16, 2013
Listed
May 24, 2013
Currency Exchange Loss:
Covered
Ended:
May 17, 2014