Update on Jimena PatriciaJimena is married, has completed primary school and is 32 years old. She is a very responsible woman. Unfortunately, her mother is currently in a bad state of health due to which they are incurring various expenses for medicine, the hospital etc. Her mother left her in charge of her goods and other responsibilities within which Jimena is canceling debts due to her mother’s poor health. This is why she needs money, since one of her cows died and she needs the milk production to continue generating income to be able to cover her debts. She wants to overcome the difficulties that they are facing.
Previous Loan DetailsSra. Jimena breeds cattle. She has 3 years of experience in the business. She used to live in Spain and with a lot of hard work she came back to Bolivia to build her own house. Now she wants to expand her livestock farm in order to have a better income. What with the expenses she had and what she... More from Jimena 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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