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Milena
Milena is a very enthusiastic young woman. She is 21 years old and has a high school degree. She started studying to become a stylist, but she was not able to finish her studies because of a lack of economic resources. Being the eldest of 5 brothers and sisters, she was forced to work together with her mother in the sale of snacks and other foods.

Over the years she progressively has become independent, but she needs more capital to continue with her business and to keep helping buy the basic supplies for her home. She wants to improve her business and income by requesting a loan that will permit her to economically help her family and allow her brothers to finish their studies without difficulties. She also intends to finish her studies and to have her own beauty salon.
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La señorita milena es una joven muy entusiasta, tiene 21 años de edad, tiene estudios a nivel bachillerato, estudio estética en sin embargo no logro culminar los estudios por razones de recursos económico, al ser la mayor de 5 hermanos se vio obligada a trabajar en conjunto con su madre con el comercio de refrigerios y otros alimentos, con el paso de los años se independizo poco poco sin embargo requiere mayor capital para continuar con su negocio y seguir colaborando en la canasta familiar de su hogar, la necesidad de mejorar el negocio y los ingresos solicitando un crédito que le permita acceder a mejores ingresos para ayudar a su familia económicamente y que sus hermanos menores logren culminar sus estudios sin dificultades, ella también pretende poder concluir sus estudios y tener su propio salón de belleza.

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 $1,175 helped Milena to buy supplies and dishes for her business.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 6, 2013
Listed
Nov 8, 2013
Currency Exchange Loss:
Possible
Ended:
Jan 31, 2015