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Victor
VÍctor, 53, lives in the community of Palca Grande. He’s single and earns income growing potatoes and oca [a tuber] on a three-hectare parcel located in the community of Palca Grande; he has 25 years’ experience in this line of work.

Víctor needs capital to buy agricultural supplies like organic manure and potato seeds. He used his savings to buy the farmland. Víctor comments that he’ll use the capital to buy the organic manure in a timely fashion and will plant a larger surface area to earn higher income which in the long-run will make it possible for him to make improvements to the house he lives in at present.
View original language description ↓
Don Víctor de 53 años de edad vive en la Comunidad de Palca Grande, de estado civil soltero, tiene ingresos económicos por la venta de papa, oca haba cultiva 3 Has. De terreno que se encuentra en la comunidad de Palca Grande cuenta con experiencia de 25 años en el rubro. Don Víctor necesita capital para comprar insumos agrícolas abono orgánico, semilla de papa, el señor Victor con los ahorros que tenía los gasto en la compra de terreno agrícola, Don Víctor comenta que con el capital comprara el abono orgánico oportunamente y cultivara en más superficie de terreno con el cual tendrá mayor ingresos económico esto le permitirá a la larga mejorar su vivienda donde vive actualmente.

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.

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About Bolivia

  • $5,500
    Average annual income
  • 198
    View loans »
    Bolivia Loans Fundraising
  • $31,424,025
    Funds lent in using Kiva
  • 6.9
    Bolivia Bolivianos (BOB) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,450 helped Victor to buy organic manure and potato seeds.
100% repaid
Repayment Term
22 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Sep 25, 2013
Listed
Oct 28, 2013
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2014