Update on NancyNancy is 20 years old. She is single and doesn't have any dependents. She is currently living with her parents and attending the university. She also works in agriculture with her parents. They grow potatoes, beans, peas, corn and barley in the community of Plano Bajo-Tíraque which is located about 65 km from the city of Cochabamba. Nancy and her parents would really like to increase their agricultural production so they are requesting a loan to buy poultry manure to help them achieve a higher yield. They will also buy two cows to fatten, providing them with additional income.
Previous Loan DetailsMs. Nancy V. O. is 19 years old. She is single and a high school graduate. She lives with her parents and is a farmer. She grows potatoes, peas, corn and barley in the community of Plano Bajo - Tíraque, located approximately 65 Km. from the city of Cochabamba. She is also planning on studying at ... More from Nancy'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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