Update on Rosaura DioniciaRosaura is 46 years old and lives in a house in an "anticrético" arrangement [paying a fixed sum instead of monthly rent]. Her home is located in the neighborhood of the bus terminal in the city of Tarija.
Rosaura is a single mother and has one child whom she cares for and helps in his studies. For several years she has worked in food preparation and sales. Now she has to work to be able to get ahead with her child. She has done this work for more than six years, being a person who is well known among her customers who eat her dishes.
Rosaura wants to have better income to get ahead, but she tells us that she needs to buy tables and chairs for her restaurant because the ones she has are borrowed. In this way she will be able to have her own furniture. As she already has experience in the area, the loan will be used to buy that furniture, equipment that is necessary for her to serve her customers.
Rosaura tells us that she wants to improve her standard of living. This is why, she says, the next loan she requests will be to buy a stove that she needs very much.
La señora Rosaura nos cuenta que quiere mejorar las condiciones de vida que tiene, por eso nos dice que el próximo crédito que solicite será para la compra de una cocina que mucha falta le hace.
Previous Loan DetailsSra. Rosaura Dionicia C. S. is 45 years old and lives in a rental house located in the section of the city of Tarija where the bus terminal is located. Rosaura is a single mother with one child. Due to life’s circumstances, she ended up alone and now has to work so that her son can get ahead.… More from Rosaura Dionicia'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
- 32 months (Additional Information)
- Repayment Schedule
- Mar 12, 2012
- Apr 16, 2012
- Currency Exchange Loss:
- Oct 17, 2014
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.