Sr. Juan Carlos is 20 years old. His family is composed of five members, his parents and two younger siblings who are still dependents. He has few economic resources and lives in the town of Mizque. He has worked as a farmer since he was very young. For the past three years he has produced onions, potatoes and beans to feed his family; he sells the surplus at the same market as other merchants in the population.
Now he needs a loan of 10,000 BOB to buy seeds, fertilizer and agrochemicals in order to increase production. In this way he will earn more income and improve the living conditions of his entire family.
El señor Juan Carlos tiene 20 años de edad, su familia está compuesta de cinco miembros los padres y dos hermanos menores de los cuales es responsable, es de escasos recursos económicos, vive en el municipio de Mizque y trabaja en la agricultura desde muy pequeño, desde hace 3 años produce cebolla, papa y frijol para la alimentación de su familia y el excedente lo vende en el mismo lugar a los comerciantes de la población, ahora requiere un crédito de Bs. 10000 para comprar semillas, abonos y agroquímicos, para aumentar su producción y de esta forma tener más ingresos y mejorar las condiciones de vida de toda su familia.
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.