Update on Alejandra PatriciaAlejandra is 37 years old. She is married to Julian Quinteros and they have six children, two of whom left the household to work in the city of Santa Cruz. They are a family of limited economic resources. They live in the community of Coluyo, in the outskirts of Cochabamba where they have a small adobe house with a thatched roof. Their main activity is agriculture, they have fields where they grow potatoes, beans, peas and wheat. The loan will be used to purchase compost (hen droppings) and seeds, which will help her a lot because it is planting season.
Alejandra explains that she lost her previous crop due to flooding. Among her goals are to buy a house closer to the city of Cochabamba and for her four children to be able to study for a professional degree, so they can have a better quality of life.
Previous Loan DetailsSeñora Patricia is 35 years old. She is married to Señor Julián. Together they have 6 children, ages 12, 10, 8, 6, and 3 years and the youngest girl is only 6 months. They are a family of very scarce economic resources. In the visit carried out for the evaluation of the loan, the poverty in… More from Alejandra Patricia'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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