Update on NasarioSr. Nasario is 30 years old and has been married to Sra. Edilfreda for seven years. They both have an elementary school education. Nasario has two dependent children and lives with his family in the town of Mosoj Rancho-Cadelaria, which is north of Colomi.
Sr. Nasario and his wife are farmers who generate income by selling potatoes, beans, and oca (a root vegetable grown in the Andes) produced on the land that he inherited from his parents. They rotate their crops according to the season. Nasario also provides passenger transportation services from the community of Candelaria to Colomi on Thursdays and Sundays, which are the days when the fairs are held.
Don Nasario wants to build a kitchen, but his savings are being invested in farming supplies. He and his wife say that they are pleased to be striving toward a better future ahead of them.
Previous Loan DetailsNasario is 28 years old and single. He lives along in Colomi, in the Mosoj Rancho community toward the north. Nasario's main work is agricultural production. He also has 6 head of cattle, which he uses in his agricultural work. However, he needs a loan to buy more milk cows and calves. For this… More from Nasario'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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Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.
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Success!! The loan was 100% repaid