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Apr 13, 2016 7:07 EST

Bolivia – Maria Beronica: A loan of $5,000 helps Maria Beronica to buy machinery and equipment to make dress clothes.

iCrowdNewswire - Apr 13, 2016

Maria Beronica

Monteagudo, Bolivia Clothing | Clothing
 
Maria Beronica
 
Maria Beronica is 22 years old and lives in the department of Chuquisaca in the municipality of Monteagudo. She lives in a rented house.

She makes a living by making clothing. She makes t-shirts, sweatshirts, and shorts in a workshop that is also rented. From these items, she makes her income to support her family. She takes advantage of training in the alternative education center Fatima. She does not have a husband; she has a 3-1/2-year-old son who depends on her, and she is a single mother.

The loan that she needs will be used to buy machinery and equipment to make clothing. This way, she will be able to have work and her own business. She will generate good income from her business, so she will be able to have better living conditions and improved well-being and daily life with her son in her home.

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 like the Fautapo Foundation to provide training, development of business and growth models, and identify needs for working capital to these entrepreneurs. 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:

Maria Beronica

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