Last updated April 3, 2013

Partner Description:

CIDRE is a non-profit, non-governmental organization that supports and contributes to the development of the farming and livestock sector in rural regions of Bolivia. Its vision is to be a leading entity in the provision of financial services, characterized by providing efficient service with sound ethics, creativity, and social engagement with the community.

Currently, CIDRE’s projects are active in five of Bolivia’s nine states, principally in rural areas and on the outskirts of municipalities — areas where they also work to promote regional development. 89% of its loan portfolio is invested in rural areas, and 49% of these clients work in farming, livestock, and dairy production.

CIDRE offers several different types of loan products to its clients. These include business loans, housing credit, consumer credit, individual microcredit, associational microcredit and collateral-based credit.

Business loans are intended to satisfy credit requests from people or businesses who want to borrow $10,000 or more to use for operations or working capital. This loan product is broken down into two categories: production/services and commercial.

On the personal front, housing credit is used for the purchase, construction, renovation, or remodeling of a home, which is used as collateral for the loan. The consumer credit product was designed to meet the needs of individuals for expenditures on consumer goods, payments for services, travel, study, emergencies, remodeling, renovations, and others.

Individual microcredit is designed to provide necessary working or investment capital for farmers, micro-entrepreneurs, or self-employed workers. This product is broken down into two categories: individual microcredit for production and services, and individual microcredit for commerce. And the associational microcredit is designed to finance communal investment. The loan is taken out by group members, who collectively take on the responsibility of paying the group’s debt.

Lastly, the collateral-based credit product is designed to provide working, investment, or consumer capital to farmers, micro-entrepreneurs, or self-employed workers, involving CIDRE or a third-party taking custody of certain products as loan collateral.

Images courtesy of CIDRE.

Repayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva Jul 6, 2009 Oct 12, 2005
Total Loans $2,210,300 $576,348,175
Amount of raised Inactive loans $0 $223,100
Number of raised Inactive loans 0 244
Amount of Paying Back Loans $821,475 $120,282,525
Number of Paying Back Loans 581 126,748
Amount of Ended Loans $1,388,825 $455,842,550
Number of Ended Loans 1,263 580,754
Delinquency Rate 2.47% 3.31%
Amount in Arrears $11,833 $2,628,327
Outstanding Portfolio $479,892 $79,478,788
Number of loanDelinquent 78 11,186
Default Rate 1.81% 1.09%
Amount of Ended Loans Defaulted $25,190 $4,987,519
Amount of Ended Loans $1,388,825 $455,842,550
Number of Ended Loans Defaulted 42 15,361
Currency Exchange Loss Rate 0.00% 0.07%
Amount of Currency Exchange Loss $0 $406,266
Refund Rate 0.22% 0.78%
Amount of Refunded Loans $4,775 $4,479,350
Number of Refunded Loans 5 5,008

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 42.50% 74.22%
Average Loan Size $1,196 $418
Average Individual Loan Size $1,188 $656
Average Group Loan Size $19,875 $1,825
Average number of borrowers per group 4 8
Average GDP per capita (PPP) in local country $2,817 $3,439
Average Loan Size / GDP per capita (PPP) 42.46% 12.17%
Average Time to Fund a Loan 13.14 days 5.52 days
Average Dollars Raised Per Day Per Loan $91.05 $75.87
  Average Loan Term 21.49 months 10.25 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 161 287,934
  Journaling Rate 13.03% 42.60%
  Average Number of Comments Per Journal 0.05 0.08
  Average Number of Recommendations Per Journal 1.18 1.92

Borrowing Cost Comparison (based on 2012 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Portfolio Yield 19.00% 20.00% 33.65%
  Profitability (return on assets) 2.3% 1.5% -1.40%
  Average Loan Size (% of per capita income) 232.80% 88.00% 41.35%

Country Fast Facts

Field Partner Staff

Veronica Aponte
Diego Cardona Velasco
Juan Clavijo Roman
Andrea Cortez
Ruth Encinas
Sebastian Machicao
Favio Michel Paredes
Álvaro Moscoso Blanco
Ronald Polo Rivero
Luisa Revilla Pedraza
Marco Ríos Pastor
Iris Rivas
Peter Soley
Fabiola Solis Via