Name

CIDRE IFD

Legal name

CIDRE IFD - Institución Financiera de Desarrollo

Website

https://cidre.org.bo

Company type

Private

Founded year

1982

Operating status

Operating

Headcount range

251–500 employees

Ownership category

akta.pro rank

Product category

Development Financial Services (Rural and Productive Sector Banking)

NAICS

Nondepository Credit Intermediation (5222), Credit Unions (52213)

SIC

Personal Credit Institutions (6141), Savings Institution, Federally Chartered (6035), Miscellaneous Business Credit Institution (6159)

akta.pro primary industry

Community Development Credit Unions (CDCUs) (FSABAEAC)

akta.pro secondary industry

Private Sector & Blended Finance Arms (IFC-type) (BPADACAJ)

Keywords

• Development banking
• Rural credit financing
• Savings accounts
• Agricultural lending
• SME financial services

Headquarters

HQ city

Cochabamba

HQ country

Bolivia

HQ region

Latin America

Offices25 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales, Others

Revenue model

1. Credit/Loan Products: Various credit products including productive sector loans, agricultural financing, infrastructure loans, and BDP sectoral credits for poultry, flowers, seeds, viticulture, and livestock
2. Savings/Deposit Products: Savings accounts for individuals and businesses
3. Insurance Products: Insurance products including portfolio insurance for granted loans with additional coverage options
4. Non-Financial Services: Non-financial services including financial education programs

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

CIDRE IFD is a private Bolivian development financial institution (Institución Financiera de Desarrollo) that provides savings accounts, multi-sector credit/loan products, insurance, and digital banking services to entrepreneurs, producers, and SMEs across rural Bolivia. It specializes in productive sector financing including agricultural, livestock (FIPOREGA cattle trust), poultry, seed, viticulture, and productive infrastructure lending, distributed via 29 physical branches, internet banking, and a partnership with Banco de Desarrollo Productivo (BDP).

Product overview

CIDRE IFD operates as a unified financial services platform offering a comprehensive portfolio of products: savings accounts and loans (including specialized sectoral credits for agriculture, poultry, seeds, and viticulture), insurance products, digital banking, and non-financial services. The institution also manages a secondary market for foreclosed properties through auctions. CIDRE IFD's credits are complemented by BDP sectoral programs and the FIPOREGA cattle trust, while financial education services support customer literacy.

Differentiator

Problem solved

Functional benefit

Products and services

• Savings Accounts (Ahorros) Savings accounts that allow customers to deposit and grow their money with access to digital banking services for easy management. Available to individuals and businesses through 29 branches and the Banca por Internet platform.
• Credits / Loans (Créditos) Various credit products designed for entrepreneurs, producers, and SMEs including sectoral loans, working capital, and investment financing. Tailored for productive sector activities across Bolivia.
• Insurance Products (Seguros) Insurance products including life insurance, unemployment coverage, and funeral expense coverage for credit clients, plus additional coverage options linked to granted loans.
• Non-Financial Services (Servicios No Financieros) Non-financial support services including financial education resources, business advisory services, and technical assistance for rural producers and entrepreneurs.
• Digital Banking (Banca por Internet) Online banking platform allowing customers to manage their accounts, view balances, and conduct transactions digitally via the web portal at banca.cidre.com.bo.
• Foreclosed Properties / Auctions (Bienes Adjudicados / Remate) Auction and sale of foreclosed properties (adjudicated goods) owned by the institution, with catalogs available for download on the website.
• Financial Education (Educación Financiera) Financial education portal with instructional videos, expert advice on managing finances, and educational content for customers and the public.
• BDP Sectoral Credits (Créditos BDP Sectoriales) Sectoral credit programs from Banco de Desarrollo Productivo including Avícola (poultry), Semillas (seeds), Vitivinícola (wine grapes), Multisectorial (flowers, pork), and Productive Infrastructure financing, distributed via CIDRE IFD's branch network.
• FIPOREGA Cattle Financing Trust Trust program for financing small and medium cattle producers (beef and dairy) for acquiring heifers of reproductive age. Features a 6% fixed interest rate valid until May 2029 with a maximum amount of Bs. 500,000.
• Insurance Policies (Pólizas de Seguro) Insurance policies including life insurance, additional capital indemnity for loan payment coverage, and funeral expense coverage available to credit clients.

Quantifiable outcome

• 230 municipalities reached
• +1 more outcomes

Named customers1 record

Segments6 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Two partnerships are on record, tiered core.

• Banco de Desarrollo Productivo (BDP)coreStrategic or Co-development PartnerCIDRE IFD distributes BDP sectoral credit programs for various productive sectors including avícola, multisectorial, semillas, vitivinícola, infraestructura productiva, and FIPOREGA. The partnership enables CIDRE to offer specialized financing products with preferential rates to producers and entrepreneurs.
• ASFI (Autoridad de Supervisión del Sistema Financiero)coreOthersCIDRE IFD is supervised by ASFI, the financial system supervisory authority of Bolivia, providing regulatory oversight and credibility.

Scale indicators4 records

Broad incumbents

• FAO / IDF (International Finance Corporation): IFC is a DFI that funds and partners with development financial institutions in emerging markets, including Bolivia. It is comparable to CIDRE IFD as a private-sector development finance player supporting rural and SME lending.

Direct peers

• Banco FIE: Banco FIE is a Bolivian microfinance bank serving entrepreneurs and SMEs with a similar regulated savings/credit model. It is comparable to CIDRE IFD as a fellow ASFI-supervised institution focused on productive-sector micro and small business lending in Bolivia.
• BancoSol: BancoSol is a Bolivian commercial bank with strong microfinance and SME lending DNA. It is comparable to CIDRE IFD because both serve underserved borrowers with regulated savings and credit products in Bolivia.
• Financiera Fortaleza: Financiera Fortaleza is a Bolivian development financial institution supervised by ASFI focused on productive-sector credit. It is a direct peer to CIDRE IFD in rural and agricultural lending.
• Banco PRODEM: Banco PRODEM is a Bolivian microfinance bank oriented toward small producers and micro-entrepreneurs. It directly competes with CIDRE IFD in rural and semi-urban credit markets under the same ASFI regulatory framework.
• Microfinanciera Prisma: Prisma is a Bolivian microfinance institution oriented toward small entrepreneurs and producers. It is a direct peer to CIDRE IFD in microcredit and rural productive-sector lending within Bolivia.

Others

• Banco de Desarrollo Productivo (BDP): BDP is a Bolivian state development bank that funds CIDRE IFD's sectoral credit programs (Avícola, Semillas, Vitivinícola, Productive Infrastructure). It is comparable as a development finance player in the same agricultural credit value chain, though it operates upstream as a funder rather than as a retail distributor.

Regional players

• Compartamos Financiera (Peru): Compartamos Financiera is a Peruvian microfinance institution serving small entrepreneurs with credit and savings products. Comparable to CIDRE IFD as a regional microfinance/development finance peer with similar SME and productive-sector borrowers.
• Banco Ganadero: Banco Ganadero is a Bolivian bank with strong ties to livestock and agricultural producers. It is comparable to CIDRE IFD in agricultural/livestock lending, particularly given CIDRE's FIPOREGA cattle trust program.
• Banco Fassil: Banco Fassil was a Bolivian commercial bank with nationwide branch presence offering savings and credit products. Although a broader commercial bank, its national branch distribution and SME lending footprint make it a comparable ASFI-supervised peer in the same Bolivian market.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/cidreifd
• Instagraminstagram.com/cidreifd
• LinkedInlinkedin.com/company/cidre

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about CIDRE IFD