Update on Amanda RosarioAmanda is 28 years old. She is married to Alba Jhasmany and the couple have a 10-year-old daughter together. Their daughter is in elementary school. Amanda lives in the community of La Maica, south of Cochabamba. She lives in her parents' home because her house is still being built. Her parents gave her a plot of land as an inheritance and that is where she is building her home. Right now the three of them live in just one room where they are all very uncomfortable. Amanda's main business activity is selling food such as 'chicharrón de cerdo' (seasoned pork ribs cooked in fat and beer) which is a traditional regional dish, as well as duck, rabbit, etc. She carries out her work every weekend, from Friday to Monday. Her husband works every day as a taxi driver. In this way, the two of them work toward finishing the building of their house.
Amanda's previous loan helped her a lot because she was able to use it to buy 10 pigs at a very low price when that opportunity presented itself. This enabled her to increase her income. She feels very happy because, with the profits, she managed to make quite a bit of progress in building her house. This new loan will also be used to buy at least 20 pigs. This will allow her to have enough in stock so that she can continue making her 'chicharrón de cerdo' as this is the business activity that makes her the most profits. Cooking is what Amanda does best and so her future goals and dreams include owning a large restaurant where she can prepare her delicious dishes.
El anterior préstamo le ayudo mucho ya que con lo cual ha logrado comprar 10 cerdos a un precio muy bajo porque se le presento esa oportunidad, con lo cual ha logrado incrementar sus ingresos, y la señora Amanda se siente tan feliz que con esa utilidad a logrado avanzar bastante en la construcción de su casa.
El nuevo préstamo también es para la compra de por lo menos 20 cerdos y de esa manera tendrá acumulado para que pueda seguir elaborando chicharrón de cerdo, ya que es con esta actividad con lo cual genera mas utilidad.
Ella lo mejor que hace es cocinar así que entre sus sueños y metas esta, que en futuro tener un restaurant grande donde ella pueda preparar sus exquisitos platos.
Previous Loan DetailsAmanda is 27 years old and she is married with Mr. Alba Jhasmany and they have a 9-year old daughter together. She is in primary school. Amanda lives in the community of La Maica Sud. She lives in her parents' house because her own house is still under construction. Her parents inherited her land… More from Amanda Rosario's previous loan »
About CIDRECIDRE 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.
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Success!! The loan was 100% repaid
- Repayment Term
- 20 months (Additional Information)
- Repayment Schedule
- Feb 23, 2012
- Mar 27, 2012
- Currency Exchange Loss:
- Aug 19, 2013
Photo from previous loan
Kiva allows our Field Partners to re-use the same photo for individual borrowers that have been posted on Kiva's website once before in a 24 month period, and we allow them to re-use group photos for up to 24 months, provided that 80% of the current group's membership is represented.
Taking, collecting, and uploading photos of borrowers is one of the most challenging elements of using Kiva for our Field Partners. In order to make Kiva easier for Field Partners to use, we have allowed them to post successive and concurrent loans without taking a new photo of the borrower if the criteria above are met.