Update on ApolinarSr. Apolinar is 43 years old and has been in a common-law relationship with Sra. Severina for more than 23 years. He has four children, but only two of them are dependents who are in school. They live in the community of Pucara, which is in Colomi and located 45 kilometers from the city of Cochabamba. He and his family are farmers who have received an elementary school education.
Sr. Apolinar and his wife said that they had another child who died last year, which is why they have had many expenses. For this reason, they requested a new loan to buy organic compost (poultry manure) and potato seedlings in order to take advantage of the low seasonal prices. They also want to buy these supplies while their current crop has yet to be harvested.
CIDRE operates in this area by providing loans. Sr. Apolinar has taken the opportunity to continue receiving benefits by utilizing a new loan for buying farming supplies. He is now very pleased since he did not have an easy time accessing loans from other financial institutions that asked for too many requirements. Most importantly, Sr. Apolinar says he continues to support his children's studies because he wants them to have a better future.
El señor Apolinar tiene 43 años de edad conviviente más de 23 años con su concubina, tiene 4 hijos de los cuales solo 2 hijos son dependientes que estudian, radican en Colomi comunidad Pucara a km 45 de la ciudad de Cochabamba, son agricultores con nivel de instrucción hasta la primaria.
El señor Apolinar y su esposa nos cuentan que su otro hijo falleció el año pasado por lo cual donde tuvieron muchos gastos , por lo tanto vinieron a solicitar un nuevo préstamo para compra de abono orgánico (gallinaza) y semilla de papa aprovechando el precio bajo por la época ya que sus cultivos no están todavía como para cosechar; el señor Apolinar tuvo esta oportunidad de seguir beneficiándose con un nuevo préstamo para la comprar de dichos insumos agrícolas, ahora se siente muy feliz ya que para él no ha sido fácil acudir a otras entidades Bancarias por que les pidieron muchos requisitos. Por último el señor Apolinar nos cuenta seguirá apoyando a sus hijos en sus estudios y desea que tengan un futuro mejor.
Previous Loan DetailsApolinar, 41, has been in a union with Mrs. Severina Merubia Terrazas for over 21 years. They have two dependent children who are students. They live in Colomi, Pucara, 45 kilometers to the south along the Cochabamba-Santa Cruz highway. Both are farmers. Apolinar and his wife comment that the… More from Apolinar'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