Update on Claudia MelissaClaudia is 29 years old, single and has no children. She lives with her brother, who is employed, in the province close to Cochabamba in the west region.
She works hard to achieve her goals and got an education by herself, without her parents to support her. They live in Potosí and lack financial resouces.
She got ahead and graduated with a degree in Business Administration from the public Universidad Mayor de San Simón through her own sacrifice.
Claudia now works in a company in Cochabamba, but she also sells clothes to her neighbours. She is requesting a loan to be able to buy more merchandise (clothes) and continue with this activity without having to leave her profession.
Previous Loan DetailsClaudia is a very hard-working girl. She is single, lives alone, and does not have any children. Her parents are very poor and so she started living independently at a very young age, in order to get ahead in life. She currently lives in a small room 'en anticrético' ('anticrético' is a type of… More from Claudia Melissa'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
- 39 months (Additional Information)
- Repayment Schedule
- Jan 15, 2013
- Mar 1, 2013
- Currency Exchange Loss:
- Aug 19, 2013
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.