Update on EustaquiaEustaquia is 54 years old and was widowed about three years ago and lives alone in the rural community of the Segunda Candelaria a neighborhood of Alto San Isidro on the northern part of Colomi, where she has been for years. She doesn't know how to read or write. She is a very responsible woman about her obligations and her primary economic activity is the production of potatoes, broad beans, and other traditional tubers, called oca and papaliza, for which she contracts temporary laborers for the preparation of the fields, sowing, traditional day labor, herbicidal treatments, and the harvest. She also has several head of cattle, including two milch cows and two who are pregnant.
Eustaquia needs resources to buy organic fertilizer (chicken manure) and potatoes for planting. She says that this loan will help her to get ahead and improve her future agricultural plantings by sowing in more areas, since her only daughter who was living with her became partnered and she wants to help her daughter have a better future and get her own house in the city.
Previous Loan DetailsMrs. Eustaquia C. Fernández, 58, lives with her daughter, Teresa Miranda Caraballo, 30, in Colomi Segunda Candelaria sindicato Alto San Isidro, towards the north. She was widowed a year ago so is now alone with her only daughter. Eustaquia and her daughter farm potatoes, broad beans, oca and ... More from Eustaquia'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