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Veronica

Update on Veronica

Veronica is 29 years old and lives in the area of central Pasankeri in the city of La Paz, in her parent's home. She has a neighborhood store and has three years of experience in this field.

With the small savings that she saved over time, she opened a neighborhood store. The loan is intended for working capital to purchase merchandise. With the loan requested she will increase her merchandise to stock her store. Her first loan helped her to improve the store, increasing her merchandise. With her experience, she wants to expand her business and her level of income. She counts on her promptness in making payments and in her entrepreneurship in managing her grocery store business.

She succeed even though she had a physical handicap. She lost her lower right limb in a traffic accident six years ago. She is a single mother of a son. Nowadays, she uses a prosthesis, has a stable health and can get around with a cane.
View original language description ↓
VERONICA TIENE 29 AÑOS VIVE EN LA ZONA DE PASANKERI CENTRAL EN LA CASA DE SUS PADRES, DE LA CIUDAD DE LA PAZ, CUENTA CON UN NEGOCIO DE TIENDA DE BARRIO CON 3 AÑOS DE EXPERIENCIA EN EL RUBRO. LA CLIENTE CON EL TRANSCURSO DEL TIEMPO AHORRÓ DINERO DE DONDE CON ESE PEQUEÑO CAPITAL ABRIÓ LA TIENDA DE BARRIO. EL DESTINO DEL CRÉDITO ESTA DESTINADO A CAPITAL DE OPERACIÓN, COMPRA DE MERCADERÍA, CON EL DINERO SOLICITADO INCREMENTARÁ SU MERCADERÍA PARA SURTIR AÚN MÁS SU TIENDA. EL PRIMER CRÉDITO LE AYUDO PARA MEJORAR SU TIENDA INCREMENTANDO SU MERCADERÍA, EN CUANTO A SU EXPERIENCIA QUIERE AMPLIAR SU NEGOCIO Y SU NIVEL DE INGRESOS, CUENTA CON ACTITUD DE PAGO Y BUEN EMPRENDIMIENTO EN LA ADMINISTRACIÓN DE SU NEGOCIO YA QUE LA CLIENTE SOBRESALIÓ A PESAR DE CONTAR CON UN DEFECTO FÍSICO, PERDIENDO EL MIEMBRO INFERIOR DERECHO EN UN ACCIDENTE DE TRÁNSITO HACE 6 AÑOS, ES MADRE SOLTERA DE UN HIJO, Y A LA FECHA USA PRÓTESIS, MANTIENE UNA SALUD ESTABLE Y SE MOVILIZA DE FORMA NORMAL CON UN BASTÓN.

Previous Loan Details

Veronica is 28 years old and lives in the area of central Pansankeri in the city of La Paz in her parent's home. She has a neighborhood store and has two years of experience in this field. With the small savings that she saved over time she opened her neighborhood store. The loan is intended ... More from Veronica'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

  • $5,500
    Average annual income
  • 234
    View loans »
    Bolivia Loans Fundraising
  • $31,587,350
    Funds lent in using Kiva
  • 6.9
    Bolivia Bolivianos (BOB) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,450 helped Veronica to buy merchandise to increase the variety of her products.
100% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 30, 2012
Listed
Aug 8, 2012
Currency Exchange Loss:
Covered
Ended:
Sep 17, 2014
This photo was used before for a previous loan for Veronica. It was first posted on Kiva on May, 2011. Learn More