Update on Desiderio RolandoDesiderio, of humble background, works in agriculture as well as in construction. He has one child and lives with his wife of almost two years. He figured out how to get ahead on his own. His mother died recently and left him alone as he lived with his mother. He works in potato production in the same community. He is requesting a loan to buy potato seeds as it is planting season and he wants to take advantage of it. This way he could sell more which will improve his income throughout the year. He has his own house located in the community of San Andrés, a place where he operates without any problems. As well, he wants to improve his living conditions so that he can have a family and offer them a better status in life.
Previous Loan DetailsDesiderio Rolando G. F. is 37 years old and lives in his parents' house in the community of San Andres in the city of Tarija. Desiderio isn't married but he has a son. He has made a living for the past 20 years in agriculture, taking products such as potatoes, carrots, peas, etc., to sell at the… More from Desiderio Rolando'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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- Repayment Term
- 21 months (Additional Information)
- Repayment Schedule
- Aug 31, 2012
- Nov 1, 2012
- Currency Exchange Loss:
- Nov 30, 2012
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.