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Sep 8, 2016 12:33 PM ET

Archived: Bolivia: Patricia – A loan of $4,900 helps buy equipment and tools to make pastries.

iCrowdNewswire - Sep 8, 2016


Monteagudo, Bolivia / Food Production/Sales
Borrower image

Patricia’s story

Sra. Patricia is 29 years old and lives in the department of Chuquisaca in Minteagudo. She lives with her in laws. Her husband is a motorcycle mechanic.

Patricia is starting a new activity running a pastry store. She will make pies, rolls etc as requested by her customers. In this way she will earn money to support her family. She has training from the Jorge Vargas Menduiña education centre and the Fautapo Foundation.

Patricia and her husband have two sons aged 5 and 4 who attend kindergarten.

With the loan she is seeking, she plans to buy equipment and tools to make pastries. They will have new work and a new business which will help her earn more money. She will be able to have better living conditions and an improved standard of living for her children and husband. 

Translated from Spanish by Kiva volunteer Jane A View original language description 

This loan is special because:

It offers entrepreneurs loans with grace periods to set up new businesses. 

Kiva staff 

More 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.

A loan of $4,900 helps buy equipment and tools to make pastries.

Contact Information:


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