Juan lives in a small home in the community of Chaupisuyo, which is in the city of Cochabamba. He has three dairy cows that produce milk. Juan sells the milk to a business that turns it into various milk products. This loan will be used to purchase another dairy cow, which will help Juan grow his milk production. That will help him increase his profits and improve the quality of life for his family. He hopes to use the extra earnings to remodel his home and help his five younger children pursue professional careers.
About CIDRECIDRE 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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