CIDRE is a regulated MFI created in 1981 as a non-profit entity with the objective to promote sustainable development and contribute to social and economic development projects. The company has more than 30 years of experience in offering micro loans in Bolivian rural and semi-rural areas with an average loan amount of USD 4.9k and more than a third of its credit portfolio invested directly in agriculture.
CIDRE has a network of 30 branches and has 324 employees.
BIO’s investment will be used to grow the MSME loan portfolio and to finance expansion in a post-COVID environment.
The expected growth will be generated exclusively through the financing of MSMEs.
CIDRE offers a range of financial products & services, as well as financial skills and business development trainings.
CIDRE has a strong focus on microentrepreneurs– mostly informal and smallholder farmers
The distribution network of 30 branches is located across the country, mostly in financially underserved zones of the country
CIDRE offers specific agricultural products; with more than a third of its credit portfolio invested directly in agriculture in 2020.
With about half of its clients living in rural areas, CIDRE has a strong rural outreach.
CIDRE will
Current situation
CIDRE has an E&S Policy in place which defines their responsibility and ambitions towards all stakeholders. Each year, the institution develops an E&S action plan with concrete improvement measures. E&S is also incorporated as an aspect of the entity's management and strategic planning.
The institution applies an exclusion list as part of its credit analysis, and performs a short climate risk assessment and calculation of the carbon & water footprint for certain industries. The institution also monitors its own use of water, electricity & paper and has developed green products for its clients.
CIDRE has done a social rating in June 2021 and received an A- score.
Risk Category: C
CIDRE has a network of 30 branches and has 324 employees.
BIO’s investment will be used to grow the MSME loan portfolio and to finance expansion in a post-COVID environment.
The expected growth will be generated exclusively through the financing of MSMEs.
CIDRE offers a range of financial products & services, as well as financial skills and business development trainings.
CIDRE has a strong focus on microentrepreneurs– mostly informal and smallholder farmers
The distribution network of 30 branches is located across the country, mostly in financially underserved zones of the country
CIDRE offers specific agricultural products; with more than a third of its credit portfolio invested directly in agriculture in 2020.
With about half of its clients living in rural areas, CIDRE has a strong rural outreach.
CIDRE will
Current situation
CIDRE has an E&S Policy in place which defines their responsibility and ambitions towards all stakeholders. Each year, the institution develops an E&S action plan with concrete improvement measures. E&S is also incorporated as an aspect of the entity's management and strategic planning.
The institution applies an exclusion list as part of its credit analysis, and performs a short climate risk assessment and calculation of the carbon & water footprint for certain industries. The institution also monitors its own use of water, electricity & paper and has developed green products for its clients.
CIDRE has done a social rating in June 2021 and received an A- score.
Risk Category: C
Location: Bolivia, Cochabamba
Employees: 51-200
Phone: +591 4 4411110
Total raised: $5.2M
Investors 1
| Date | Name | Website |
| - | Belgian In... | bio-invest... |
Funding Rounds 1
| Date | Series | Amount | Investors |
| 22.12.2022 | - | $5.2M | Belgian In... |