Update on AsuntaAsunta is 41 years old and is married to Sergio Alba. They have three children who are studying in a school in the same area where they live. Asunta has suffered a lot as a child; her father abandoned her and her mother, and her single-mother managed to get them ahead. Now Asunta is the one who takes care of her mother and she cares for her very much. Asunta and her family live in the community of Maica in the city of Cochabamba. Thanks to her work and her husband’s help they have a house where they can live. The main business is the production of raw milk. The product is delivered to a company that produces dairy products and her husband provides mechanical services.
The loan is to build a shed to house livestock because in the rainy season the cattle suffer a lot. This will help them a lot with the comfort and the best care of the livestock. This is the third Kiva loan being given and Asunta says she is very happy as this helps a lot in conducting her business. Among her dreams and goals is to continue taking care of her mother until the time of her death and that her children study for a career so that they can have a better standard of living.
Previous Loan DetailsAsunta is 39 years old and she is married to Alba Sergio. Together they have three children of 16, 13, and 8 years old who are all studying. They are a family of scarce economic resources but are very united and happy. Asunta only has one job, and that is to take care of and help her mother. Her… More from Asunta'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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This loan has been fully funded!
- Repayment Term
- 39 months (Additional Information)
- Repayment Schedule
- Aug 29, 2012
- Oct 6, 2012
- Currency Exchange Loss:
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.