Gleider is asking for this loan to buy a sewing machine. This machine will help her increase production and in this way earn the income she needs to acquire a plot of land where she will construct her own home and have her sewing room. She hopes this will help her run her businesses better, so she does not have to change location every time her rent is up since they keep increasing the price.
Gleider solicita crédito para la compra de una máquina, para así seguir fabricando diferentes prendas de vestir y de esta manera con estos ingresos poder adquirir un lote de terreno y poder construir su propia vivienda y tener su taller de costura de una mejor manera, para si no tener que cambiarse de ubicación cada vez ya que los alquileres son caros e incrementan constantemente.
More information about this loan
This loan product is designed to help entrepreneurs set up new businesses in Bolivia. To make this possible, Cidre is collaborating with organizations among which Fautapo Foundation, which provide training, help borrowers with their business models, and identify needs for working capital. Kiva and Cidre are working together to offer larger loans with grace periods to help these entrepreneurs successfully start up new businesses.
About CIDRECIDRE 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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