AgriFunds

Centro de Investigación y Desarrollo Regional (‘CIDRE IFD’)is a microfinance institution which provides financial solutions helping to improve the lives of thousands of farmers and their families in rural Bolivia. It has more than 40 years’ experience with microcredit and commercial loans, reaching more than 20,000 clients across Bolivia through 30 branches. This distribution enables CIDRE IFD to serve almost 80% of municipalities in Bolivia.The organization is the fourth financial institution in terms of loan portfolio in Bolivia and is the second largest lender for the agricultural sector. Its typical clients are small producers and farmers, with nearly one in five (18%) below the national poverty line and almost 40% of clients being women.CIDRE IFD has developed tailored solutions such as allowing farmers to present “non-conventional collateral” such as cattle, final products and machinery. This collateral has ensured financial access to those who are not in a position to secure a mortgage against their assets, or to those who are neglected by traditional banks in Bolivia. An average loan size is around USD 5,200 with average duration of 76 months.