The Bolivian institution CIDRE received CHF 120,000 from the Swiss Capacity Building Facility, secured by Symbiotics Capacity Building. This grant supports the implementation of two new financial products.

The first product, called ‘scheduled savings’, aims to increase the number of saving accounts for CIDRE while allowing clients to have access to a microloan after reaching 50% of the targeted deposit. CIDRE conducted market research, design, viability analysis and pilot testing before receiving the final approval from its board in October 2022.

The second product is a green loan with the aim to register climate impact data in Bolivia. Farmers often suffer from repeating periods of drought, a situation that has grown more critical since 2015. This product enables the categorization of clients into three drought risk exposure profiles and proposes technical solutions adapted to each category. Loan officers collect data during field visits, which they transfer into a baseline for impact measurement. The data goes into the climate impact database, with updates every six months. This methodology enables loan officers to offer tailored solutions to clients and at lower costs for CIDRE.

Both products have received positive feedback, and CIDRE has planned their launch for 2023.