Update on JuanaJuana, 39 years old, is married to Juan and they have two dependent children. One of the children is in school. They live in Sacaba, Nueva Canaán. Her work is in the community of San Isidro, which is 36km from the city of Cochabamba. Juana works by manufacturing straw mattresses here.The mattresses are sold at the weekly market in Colomi. Orders also come from Sacaba. Juana is a humble worker. She needs money to grow her mattress business. Juana wants to grow the business because there is a high demand. Her savings have been spent on her husband's recovery from when he suffered from a work accident. Juana will continue working for her two children until they complete their higher educations.
Previous Loan DetailsSra. Juana, 38, and her husband, Sr. Juan Vallejos Alvarado, have 2 young children. They live in the town of San Isidro, some 36 kilometers from Cochabamba. Sra. Juana makes straw mattresses for a living. She's applying for a loan to pay for an "anticretico" arrangement (a pre-paid rental cont... More from Juana'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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Success!! The loan was 100% repaid
- Repayment Term
- 15 months (Additional Information)
- Repayment Schedule
- Nov 23, 2012
- Jan 1, 2013
- Currency Exchange Loss:
- Jan 17, 2014
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.