Update on Maria ErlindaMaria Erlinda is 27 years old and her civil status is a single mother. She managed to study a technical program (nursing assistant), and counts her little son as her dependent. They currently live in her parents' house, which is located in the community of Cuartel Parcela - Iluri in the Tíraque municipality. It is approximately 75 km from Cochabamba. María Erlinda is loaning her services as a nurse to the population of Ivirgazama, and has three-month contract with an international organization. Finally, the client holds the desire to overcome and obtain additional economic income. For this purpose she needs to ask for trading capital to commercialize vegetables on the weekend. She counts on this for necessary experience which will help her obtain additional income to improve her quality of life.
Previous Loan DetailsMaría Erlinda, 25 years old and single, was able to study in a technical program (nursing assistant). She usually lives in her parents' house, located in the community of Iluri Garante - Tíraque, and has no dependents to care for. Her economic activity is the professional service she offers in… More from Maria Erlinda'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
- 38 months (Additional Information)
- Repayment Schedule
- Sep 18, 2012
- Nov 1, 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.