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Antonia

Update on Antonia

The client started a tea service in a smal kiosk in Chimoré. Little by little she was establishing customers with her tea and coffee service. As time passed she furnished it with small pastry equipment. She also received training from the NGOs in preparing empanadas, “saltañas” (meat filled pastries), and cakes, etc.

Due to her interest in being able to increase production, she is requesting a loan. The loan is to improve the investments that are planned in order to be able to meet her customers’ demand. The demand has grown, and now there is an opportunity to be able to get more equipment. This way she will be able to have better production and produce in greater quantity.

With the money that is granted to her she will buy an oven. The oven will make the production more effective. The will make her products taste better for her customers.

On repeated occasions the client tried to save to buy her oven. However, the investment in her products did not allow her to buy the oven. Now, with help from the loan, she will have an oven, which will make her business grow and develop more.
View original language description ↓
La cliente empezó con una atención de servicio de te en un pequeño kiosco en la localidad de Chimoré, poco a poco fue estableciendo clientes con el servicio de té y café. Con el pasar del tiempo se aprovisiono de equipos pequeños para repostería, también recibió capacitación de las Ong´s para preparación de empanadas, salteñas, tortas, etc., así en su inquietud de poder incrementar su producción la cliente solicita un crédito que le aliviane las inversiones que se proyecte para poder atender la demanda de sus clientes que fue creciendo y que ahora es una oportunidad para poder incrementar en equipos y así pueda producir mejor y con mayor cantidad. Con el dinero que se le otorgue se comprara un horno el cual hará mas efectiva su producción de sus productos para llegar mejor al paladar de sus clientes. En reiteradas oportunidades la cliente trato de ahorrar para comprar su horno pero la inversión en sus productos no le permitía, ahora con el apoyo del crédito la cliente contara con un horno lo que hará que su actividad crezca y se desarrolle mas.

Previous Loan Details

Sra. Antonia O. is 56 years old and has two children who are young adults. Her son is finishing his university studies, so she provides him with assistance. Antonia’s husband abandoned the family, practically leaving them destitute. They eventually became homeless since he had sold their house… More from Antonia's previous loan »

Additional Information

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.

Concurrent and Successive Loans

Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.

This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.

About Bolivia

  • $2,817
    Average annual income
  • 74
    View loans »
    Bolivia Loans Fundraising
  • $28,619,700
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Antonia to buy an oven in order to prepare her products.
100% repaid
Repayment Term
32 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 11, 2011
Listed
Oct 24, 2011
Currency Exchange Loss:
N/A
Ended:
Dec 15, 2012
This photo was used before for a previous loan for Antonia. It was first posted on Kiva on Sep, 2010. Learn More