Update on ArielAriel is 32 years old and married to Lucy. They have three daughters who depend on their income. They live in the province of Punata in the city of Cochabamba. Thanks to their work they were able to build a house on a plot inherited from his mother. They are a humble but united family. Lucy is a primary school teacher, but because of widespread unemployment in the country she cannot obtain a position and therefore she works in the same field as her husband, producing raw milk. They have dairy cows in their home. They sell the milk to a business that makes dairy products.
The purpose of the loan is to buy fodder to improve the diet of the cows. Also, in the last year they increased the number of dairy cattle and therefore these also need additional fodder.
This is the second time that Ariel is benefiting from a Kiva loan. He says that he is very happy with the first loan since it helped him a lot in buying a dairy cow. Among his dreams and goals is to grow his herd of dairy cattle until he has a small farm with at least 30 cows, and for his three daughters to study a professional career in order to have a better quality of life.
Entre sus sueños y metas esta incrementar su ganado lechero hasta tener una pequeña granja de por lo menos 30 cabezas y que sus tres hijas puedan estudiar una carrera profesional para que de esa manera puedan tener un mejor nivel de vida.
Previous Loan DetailsAriel is a 32 year old man who is married to Lucy. Together, they have two little girls. They are a close family. They live in the province of Punata in the city of Cochabamba. Ariel and his wife work a lot in order to offer a better quality of life to their daughters. His main activity is… More from Ariel'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
- 14 months (Additional Information)
- Repayment Schedule
- Feb 13, 2013
- Apr 9, 2013
- Currency Exchange Loss:
- Dec 17, 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.