Kiva conducts regular, ongoing monitoring of all Field Partners, but only posts status updates here in response to relevant, major changes at the partner.

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 $3,839,375 $908,588,725
Amount of raised Inactive loans $0 $1,315,925
Number of raised Inactive loans 0 1,282
Amount of Paying Back Loans $1,427,550 $137,063,425
Number of Paying Back Loans 518 168,293
Amount of Ended Loans $2,411,825 $770,209,375
Number of Ended Loans 1,993 960,618
Delinquency Rate 1.35% 8.85%
Amount in Arrears $14,023 $7,818,874
Outstanding Portfolio $1,040,256 $88,323,046
Number of Loans Delinquent 122 22,733
Default Rate 1.69% 1.35%
Amount of Ended Loans Defaulted $40,804 $10,382,253
Number of Ended Loans Defaulted 62 29,500
Currency Exchange Loss Rate 0.00% 0.46%
Amount of Currency Exchange Loss $0 $4,145,391
Refund Rate 0.12% 0.64%
Amount of Refunded Loans $4,775 $5,827,650
Number of Refunded Loans 5 5,888

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 52.85% 75.01%
Average Loan Size $1,526 $405
Average Individual Loan Size $1,521 $636
Average Group Loan Size $19,875 $1,793
Average number of borrowers per group 4 7.8
Average GDP per capita (PPP) in local country $5,500 $5,917
Average Loan Size / GDP per capita (PPP) 27.75% 6.84%
Average Time to Fund a Loan 14.31 days 6.97 days
Average Dollars Raised Per Day Per Loan $106.61 $58.05
  Average Loan Term 25.94 months 11.09 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 205 471,351
  Journaling Rate 9.72% 41.75%
  Average Number of Comments Per Journal 0.05 0.05
  Average Number of Recommendations Per Journal 0.98 1.22

Borrowing Cost Comparison (based on 2014 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 20% PY 20.00% PY 26.37% PY
  Profitability (return on assets) 0.66% 1.5% 0.19%
  Average Loan Size (% of per capita income) 232.80% 88.00% 18.15%

Country Fast Facts

Field Partner Staff

Gimena Cano Mejia
Andrea Cortez
Ruth Encinas
Santiago Laserna
Favio Michel Paredes
Álvaro Moscoso Blanco
Oscar Quispe Mamani
Marco Ríos Pastor