Jose Carlos is 32 years old, single and lives 10 kilometers from the city of Cochabamba. In his home he has his workshop that he works in with his mom producing artisan products of jewels in silver and stones. His business is growing little by little since he works on each product with his hands one by one, polishing, embossing and embedding his products. Everything is made by hand and the market is growing slowly since this activity requires a lot of capital.
He received the previous loan for raw material, especially for silver and stones. He has to work with double the capital because nobody pays him up front. He allows for payments to be made every three months in the different jewelry stores in the city. For this reason he is requesting another loan for raw material. This will help him to have operational capital without being left without rotating funds that will allow him to grow and expand his market. He and his mother work together but she is not able to move around because she is very sick. He is supporting and caring for her.
Jose Carlos tiene 32 años, soltero y vive a 10 kilómetros de la ciudad de Cochabamba, en la vivienda tiene su taller que comparte con la mamá en sus actividades artesanales de orfebrería elaborando joyas en plata y pedrería está creciendo de a poco en su actividad ya que todavía trabaja las mismas una por una artesanalmente, puliendo, repujando incrustando, todo labrado a mano, su mercado está creciendo poco a poco, ya que para esta actividad se necesita mucho capital, él obtuvo un crédito anterior para materia prima, especialmente plata y piedras, tiene que trabajar con doble capital porque nadie le paga al contado, siempre deja a trimestre los pagos en las diferentes joyerías de la ciudad, por este motivo vuelve a solicitar crédito para materia prima que le ayudará a contar con un capital de operación sin quedarse sin fondo rotatorio que le permita crecer y agrandar su mercado y el de su mamá que tiene la misma actividad pero no puede movilizarse porque es una persona enferma y él la está apoyando y cuidando.
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.