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Antonia

Update on Antonia

Antonia started out selling tea from a small kiosk in the town of Chimoré. Little by little she began attracting customers with her tea and coffee service. Over time, she has added small bakery equipment and received training from NGO's in the preparation of pies, meat pies, cakes, etc. She is anxious to increase production to be able to meet the demand of her customers, so she wants to take advantage of the opportunity to buy more equipment and produce more volume. The KIVA loan she receives will be of great help because now Antonia will have a refrigerator to help grow and expand her business.
View original language description ↓
La señora Antonia cliente empezó con una atención de servicio de te en un pequeño kiosco en la localidad de Chimoré, poco a poco fue estableciendo clientes con el servicio de té y café. Con el pasar del tiempo se aprovisiono de equipos pequeños para repostería, también recibió capacitación de las ONG´S para preparación de empanadas, salteñas, tortas, etc., así en su inquietud de poder incrementar su producción la cliente quiere atender la demanda de sus clientes que fue creciendo y que ahora es una oportunidad para poder incrementar en equipos y así pueda producir mejor y con mayor cantidad. En consecuencia el crédito KIVA que se le ofrece a la cliente será de gran ayuda. Ahora la señora Antonia contara con una heladera lo que hará que su actividad crezca y se desarrolle más.

Previous Loan Details

Sra. Antonia O. is 56 years old and has two children who are young adults. Her son is finishing his university studies, so she provides him with assistance. Antonia’s husband abandoned the family, practically leaving them destitute. They eventually became homeless since he had sold their house... More from Antonia's previous loan »

Additional Information

About CIDRE

CIDRE 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.

About Bolivia

  • $2,817
    Average annual income
  • 123
    View loans »
    Bolivia Loans Fundraising
  • $30,305,725
    Funds lent in using Kiva
  • 7.0
    Bolivia Bolivianos (BOB) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,475 helped Antonia to buy a refrigerator.
100% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 28, 2012
Listed
Nov 5, 2012
Currency Exchange Loss:
Covered
Ended:
Nov 17, 2013