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Mar 20, 2016 2:41 EST

Lucia is in need of a loan to buy fabric to make sporting clothes: This loan product is designed to help entrepreneurs set up new businesses in Bolivia

iCrowdNewswire - Mar 20, 2016

Lucia

Chuquisaca, Bolivia Clothing | Clothing
Lucia
Lucia is a person who always has tried to improve her situation. She started working as a child because there were many children and they had only their mother, so Lucia worked to help her siblings. Now they are all professionals and do not want to help her out. She was unable to study because of them and this is how she is repaid, no collaboration. She only has a high school education and studied sewing to perfect her skills, since she had worked in sewing from a young age.

Now she is facing opportunities for big projects for institutions such as schools. She is in need of a loan to buy fabric to make sporting clothes. Lucia makes pants and jackets and is requesting the loan to continue to improve her work.

Additional Information

More information about this loan

This loan product is designed to help entrepreneurs set up new businesses in Bolivia. To make this possible, Cidre is collaborating with organizations among which Fautapo Foundation, which provide training, help borrowers with their business models, and identify needs for working capital. Kiva and Cidre are working together to offer larger loans with grace periods to help these entrepreneurs successfully start up new businesses.

About CIDRE

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.

Contact Information:

Lucia

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