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Milton
Sr. Milton is 18 years old and comes from a family that has limited financial resources. His family consists of five members -- himself, his mother, and three siblings. Milton began working after the death of his father, at the age of 15. He has been responsible for providing food and paying for the education of his siblings.

Milton lives in the town of Mizque and has been farming for three years. He produces onions, potatoes, and beans in order to feed his family. The surplus is sold at the same market in town where the other merchants offer their goods. He is currently requesting a loan so that he can buy seeds, compost, and agrochemicals in order to increase his production. This will enable him to have more income and improve the living conditions for his entire family.
View original language description ↓
El señor Milton tiene 18 años, su familia es de escasos recursos económicos, está compuesta de cinco miembros, su madre y tres hermanos, desde sus 15 años empezó a trabajar al fallecer su padre y se hizo responsable de la alimentación y la educación de sus hermanos, vive en el municipio de Mizque y trabaja en la agricultura desde hace 3 años, produce cebolla, papa y frijol para la alimentación de su familia y el excedente lo comercializa en el mismo lugar a los comerciantes de la población. Actualmente solicita un crédito 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.

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

  • $2,817
    Average annual income
  • 94
    View loans »
    Bolivia Loans Fundraising
  • $29,522,775
    Funds lent in using Kiva
  • 6.9
    Bolivia Bolivianos (BOB) = $1 USD
Paying Back

This loan has been fully funded!

A loan of $1,175 helped Milton to buy seeds, compost, and agrochemicals.
89% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Oct 21, 2013
Listed
Nov 27, 2013
Currency Exchange Loss:
Possible