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Marcelino

Update on Marcelino

Marcelino is married and has six dependent children three of which are attending school. The family lives in a rural community 21 kilometers north of Colomi 2da Candelaria Central, Kury Mayu.

Marcelino and his wife are farmers and earn seasonal income throughout the year selling potatoes, lima beans, oca [a tuber], and ‘papaliza’ [type of potato]. They own three head of cattle, one dairy cow and one calf. This is how he manages to support his family economically and keep his children in school so that they can become professionals and have a better future than he’s had.

Marcelino is asking for a loan to buy farmland. He relates that they have a little bit of money saved and needs to add to it. In the end, they were very satisfied for having this opportunity because other banks asked for too many requirements. With this, he will be able to better insure his children’s food supply.
View original language description ↓
El Sr Marcelino casado, tiene 6 hijos dependientes de los cuales 3 estudian, la familia vive en una comunidad rural lejana a 21 km hacia el norte de Colomi 2da Candelaria Central Kury Mayu.
Don Marcelino, son agricultores que perciben ingresos estacionales dentro del año de la venta de papa, haba, oca, papaliza, cuentan con cabezas de ganado vacuno 3 de engorde, 1 lechera mas 1 ternero, Es así que logra mantener a su familia económicamente y a sus hijos que sigan estudiando hasta salir profesionales y que tengan un futuro mejor que él. El Sr. Marcelino a solicitando préstamo, para comprar terreno agrícola, nos cuentan que tienen un pequeño ahorro de dinero y necesita un para aumentar, finalmente se quedaron muy satisfechos por haber tenido esta oportunidad que en otros Bancos les pidieron muchos requisitos además con esto mas mejorara seguridad alimentaria para todos sus hijos.

Previous Loan Details

Sr. Marcelino L. Jimenez and his partner, Sra. Basilia Castellon Higuera, have been together for 25 years. They have 5 school-age children, all living at home. They live in a rural area near Colomi in Bolivia. Sr. Marcelino and his wife are farmers. They grow potatoes and other tuber crops… More from Marcelino's previous loan »

Additional Information

About CIDRE

CIDRE 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.

About Bolivia

  • $2,817
    Average annual income
  • 91
    View loans »
    Bolivia Loans Fundraising
  • $28,138,200
    Funds lent in using Kiva
  • 7.0
    Bolivia Bolivianos (BOB) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,300 helped Marcelino to buy farmland.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Jul 25, 2012
Listed
Aug 13, 2012
Currency Exchange Loss:
Covered
Ended:
Aug 1, 2014