Update on AliciaAlicia is a 28 year old woman. She is single and finished primary school. Right now, she lives with her mother, who is eldery. She has one dependent who is her young daughter. Her financial activity agricultural production. She grows potatoes, wheat, barley and beans on her own land and on her mother's, located in the community of Cebada Jichana of the town of Tíraque, 75 Km. from the city of Cochabamba. Alicia says that she is a hardworking and responsible person who wants to get ahead and increase her agricultural production. To that effect, she has decided to ask for investment capital so she can buy chicken manure and other materials. This way, she will be able to improve the quality of life of her dependents.
Previous Loan DetailsAlicia is a 27 year old person who is single. She has a primary school education and lives with her mother, who is elderly. She has one financial dependent, which is her daughter. This client's economic activity is agriculture and the main products she grows are potatoes, wheat and barley. She… More from Alicia'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