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Angel
Angel is 35 years old and lives 8 kilometers from the city with his wife Elvira and two children, a nine year-old girl and a six year-old boy, both school aged. He has worked with his car as a taxi driver for 8 years transporting passengers in and around the city of Cochabamba. He now needs operating capital to change the 4 car tires as they are already very used by his job. He wasn't able to change them before because it is a job that has high and low periods of passengers and therefore income is not as stable as an owner would like. It is an important necessity because it is the main source of income supporting the family. He lives in 2 rooms rented for the family. He wants to save to in the future be able to buy land and to construct a home to improve the living conditions of his family.
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Angel tiene 35 años de edad y vive a 8 kilómetros de la ciudad, con su esposa Elvira y dos hijos, una niña de 9 años y el varón de 6 años, los dos en edad escolar. Él trabaja hace 8 años con su automóvil como taxista, transportando pasajeros en la ciudad y periferia de Cochabamba, actualmente necesita capital de operación para cambiar las cuatro llantas de su automóvil que ya están muy gastadas por su actividad y no pudo hacerlo antes porque es una actividad que tiene altas y bajas en pasajeros por épocas y por consiguiente los ingresos no son estables como el propietario quisiera, y es una necesidad muy sentida porque es la principal fuente de ingresos para el mantenimiento de la familia. Vive en dos habitaciones alquiladas para la familia, quiere ahorrar para poder comprar un terreno y poder construir su vivienda a futuro para que mejoren las condiciones de vida de su familia.

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
  • 83
    View loans »
    Bolivia Loans Fundraising
  • $29,370,775
    Funds lent in using Kiva
  • 6.9
    Bolivia Bolivianos (BOB) = $1 USD

Success!! The loan was 100% repaid

A loan of $725 helped Angel to purchase tires.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 19, 2013
Listed
Jul 23, 2013
Currency Exchange Loss:
Covered
Ended:
Jul 17, 2014