Reylda is 29 years old, and she sells groceries in the market of Cochabamba city. She is very responsible and works hard.
Reylda has three small children who are her motivation to work each day beginning early in the morning. Her husband works as a bricklayer, but his hours have reduced recently because of the economic situation in Bolivia. As a result, their earnings have been scarcely reaching their needs to cover the cost of food and education of their children.
The loan will be used to finish construction of Reylda's home, which will be a big improvement for the family's quality of life. Currently, they live in a small and humble rented apartment. Reylda dreams that one day her children will be able to finish high school and establish their careers. Her youngest daughter wants to be a doctor when she grows up, so that she can help sick children like the ones in her school.
As a child, Reylda lived with her parents in the city of Potosi. Sadly, Reylda lost her mother when she was young. When her mother died, her father abandoned their family, and Reylda and her siblings were forced to work in order to move forward. Today, she works each day, so that her children can have a better childhood than hers, and that they can always rely on their parents for help.
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.