Fifteen years ago, Sr. Joaquín arrived by boat in Puerto Villarroel, a tourist area in the Department of Cochabamba. There he owns a small plot of land where he comes home to after several days of fishing. He has been fishing for 15 years and owns a small boat that he uses for his work. Joaquín also gives tours to the general population. With the income he earns, he is able to maintain his family.
At the moment, his boat is in need of maintenance since it has a hole where water can pass through, which prevents him from working efficiently. For this reason, he is requesting a loan so that his fishing boat can be maintained, thus enabling him to do good work.
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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