Update on VeronicaVeronica 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.
Previous Loan DetailsVeronica 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 »
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
- Repayment Term
- 27 months (Additional Information)
- Repayment Schedule
- Jul 30, 2012
- Aug 8, 2012
- Currency Exchange Loss:
- Sep 17, 2014
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.