Update on SilverioSilverio is 38 years old and lives in the Macia zone. He has two school aged children and lives with his wife, Primitiva. He works in various departments in Bolivia, for a factory that provides gas line installation services. They are very hardworking people who were able to grow, and improve their children’s living conditions a bit with the help of the previous loan, which they used to buy a gas system. They were able to sell the vehicle at a good price and were able to pay for a plot of land in Maica. Now they are building a home, by their own labor, little by little. Now that they have a home and kitchen, they want to complete the part of the house for their children, because they are currently all living in a single room. In this way they can improve their living conditions.
Previous Loan DetailsSilverio R. is 36 years old. He has three children who are studying in a school back in his home town so they can have a better future. Silverio lives in the la Macia zone of the city of Cochabamba. He works for a company maintaining pipes. His wife takes care of milk cows from their home. B... More from Silverio'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.
About Housing Loans
Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.
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