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Elfy
Elfy lives in the town of Manco Kapac with her spouse. They live in a rented house that belongs to a relative. They work as farmers in Elfy's mother in law's land. They also rent plots of land from neighbors to grow seasonal products. They have the desire to get ahead in life and grow financially so they can provide better life conditions for a baby that is on the way.
Elfy and her spouse grow yucca and are very dedicated to this activity. They harvest 400 quintals (1 quintal = 100 pounds) of yucca, which they then sell to intermediaries. In addition to this, they work in plots of land belonging to their aunt and uncle or acquaintances, helping them weed their fields. From this activity they earn an additional daily wage.
Elfy is asking for this loan to purchase a plot of land because their savings are not enough. This loan will allow them to achieve their goal and have their own land to cultivate.
View original language description ↓
La señora Elfy vive en la población de Manco Kapac, junto a su concubino,en la casa de su pariente, pagan alquiler por esta vivienda, se dedican a la producción agrícola, trabajan en el terreno de su suegra, y también se alquilan terrenos de los vecinos para cultivar algún producto estacional, siempre con el anhelo de salir adelante y crecer económicamente para darle mejores condiciones de vida al niño que está en camino. La señora Elfy y su concubino producen yuca, son muy dedicados a su actividad, siempre buscando sobresalir adelante en la vida. De su producción de yuca cosecha, 400 quintales y vende a los intermediarios que compran en el lugar, aparte de esto se dedican a trabajar en el terreno de sus tíos o conocidoscolaborando en el desmalezado de sus cultivos de esto obtienen otro ingreso adicional llamado un jornal. El presente crédito es solicitado para la compra de un terreno agrícola, ya que lo que ahorraron no les alcanza, y con este crédito más podrá realizar el objetivo propuesto, y tener su propio terreno agrícola para cultivar.

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
  • 104
    View loans »
    Bolivia Loans Fundraising
  • $29,137,325
    Funds lent in using Kiva
  • 6.9
    Bolivia Bolivianos (BOB) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,500 helped Elfy to purchase a plot of land.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 27, 2013
Listed
Jul 11, 2013
Currency Exchange Loss:
Covered
Ended:
Jul 17, 2014