Update on Pablo IssacMr. Pablo is 29 years old and has made a living from his motorcycle repair and maintenance business in the city of Tarija for more than 10 years. In addition to this business he also makes a living from the rental of soil compaction machines. Mr. Pablo is married and has two children he supports together with his wife, a 6-year-old daughter and a 3-year-old son. He tells us that his mechanic business is good and generates a good income but that he needs to buy more tools, as the ones he has are not sufficient. He is also saving up to be able to buy a little house so he doesn’t have to rent anymore, and to improve his workshop and offer better and higher-quality work. Mr. Pablo asks for this loan to buy his little house in which he will have the opportunity to open his workshop,, which will help him to improve his income, improving his quality of life. Moreover, those that know him affirm that he is a friendly, responsible, and hard-working person.
Previous Loan DetailsPablo Isaac H. A., 25, lives in the Tabladita Barrio Senac section of the city of Tarija. Pablo is married to Litzi Lisbeth Michel Villagomez, 23, with whom he has a two-year-old daughter. Pablo earns a living as a motorcycle mechanic, a type of work he has done for many many years. Pablo tells… More from Pablo Issac'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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