Update on EdwinEdwin is single and does not have children. He came from La Paz 11 years ago with his family. He now has a snack bar which is one of busiest in his neighborhood.
The current loan will be used to buy chairs, tables and a refrigerator for his snack bar and as such be able to offer better service to the customers of his locale. This allows him to improve his income, his own quality of life and that of his siblings.
Edwin comments that with the previous loan he achieved the desired expectations. It went very well for him and is encouraged to be able to continue growing. He gives many thanks to Kiva for the opportunity provided to him to overcome everyday challenges.
El destino del presente credito será la compra de sillas y mesas y una heladera para su SNACK y así poder ofrecer un mejor servicio a la gente del lugar y por defecto mejorar sus ingresos su calidad de vida de el y sus hermanos.
EL Sr. Edwin cometa que con al credito anterior cumplio con las espectativas deseadas le fue muy bien por eso se animo para poder seguir creciendo, y da muchas gracias a Kiva por la oportunidad que le brindan para poder superarse dia a dia.
Previous Loan DetailsEdwin is a responsible person who has a small snack bar in Ivirgarzama. He is single and does not have children, but he has three siblings. He helps them out and supports their education. He came from La Paz 10 years ago with his family; he started as a bricklayer and construction day worker.… More from Edwin'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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- Repayment Term
- 14 months (Additional Information)
- Repayment Schedule
- Jun 20, 2012
- Jul 26, 2012
- Currency Exchange Loss:
- Aug 25, 2012
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.