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Orlando
Orlando is 31 years old, single, with no children. He lives alone in a rented apartment in the zone of Quillacollo. It has been six years since he no longer lives with his parents, who are from a very humble background and did not have the economic means to pay for his university given that he has many smaller siblings that are studying in high school. For this reason, he decided to become more independent and work on his own. He moved to a more central neighborhood, worked in different fields, saved and recently he began to buy rabbit breeds for sale. This work was considerably profitable for him as it allowed him to study and finish his veterinary studies. Currently he is doing his work aimed at defending his thesis. The loan requested is so that he can purchase a cow for the increased milk production. He decided to make this purchase to increase his income and to pay for the steps of his career.
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El señor Orlando tiene 31 años es soltero y no tiene hijos dependientes, vive solo en alquiler en la zona de Quillacollo, hace 6 años que no vive con sus padres quienes son de condiciones muy humildes y no tenían recursos económicos para pagarle la universidad ya que tiene muchos hermanos menores que se encuentran estudiando en el colegio es por esto que decidió independizarse y trabajar por su cuenta, se vino a una zona más céntrica, trabajo en diferentes actividades, ahorro y posteriormente empezó a comprar conejos de raza para la comercialización de los mismos. Esta actividad le fue bastante rentable ya que le permitió estudiar y terminar la carrera de veterinaria, actualmente se encuentra haciendo su trabajo dirigido para defender su tesis. El crédito solicitado es para la compra de una vaca para el incremento de producción de leche, en esta última gestión decidió hacer esta compra para incrementar sus ingresos y pagar los trámites de su carrera.

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
  • 211
    View loans »
    Bolivia Loans Fundraising
  • $31,480,250
    Funds lent in using Kiva
  • 6.9
    Bolivia Bolivianos (BOB) = $1 USD
Paying Back

This loan has been fully funded!

A loan of $1,275 helped Orlando to purchase a cow.
44% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 17, 2014
Listed
Apr 26, 2014
Currency Exchange Loss:
Possible