Update on Maria PatriciaMrs. María is thirty-seven years old and lives in the East Ring Road area. She came from Potosí when she was a child and lives together with her aunts and uncles which she has done for many years. She works as a secretary in a water systems company and at the same time she makes handicrafts together with a group of local women.
María Teresa was unable to finish her studies in business administration, because she did not have someone to support her and because she had to work. María is a single mother, with a five-year-old daughter. She tries to spend as much time as possible with her and give her all the attention that she did not have as a child, because of several reasons. However, María was able to get ahead in life.
She needs to buy material for her embroidery art.
Previous Loan DetailsMaria is 37 years old and she lives on Circunvalacion Oeste avenue in the city . She lives with her aunt and uncle as she left Potosi when she was a young girl. She worked as a secretary in the region for a water systems company but at the same time she also created crafts with the women in the… More from Maria Patricia'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
- Sep 12, 2012
- Nov 13, 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.