Update on AliciaSra. Alicia is 46 years old and has only a primary school education. She is married to Sr. Víctor and they have three children. Her oldest child was not able to enroll at the university because of their financial situation. Therefore, he went to Brazil in order to work. He currently contributes to the university studies of the middle child. The youngest is attending a state primary school in the area.
Alicia’s parents worked in agriculture when she was a child. When she got married, they gave her an inheritance. She and her family currently live in the District of Caramarca, one of the areas that produces large amounts of onions, corn, potatoes, and other crops. Like any other area, her land is suitable for facilitating the family business of planting corn, potatoes, and onions. Alicia will begin planting potatoes this month, but she does not have the cash to buy seeds and compost. For this reason, she is requesting a loan. This will allow her to help her two youngest children so that they can become professionals.
Previous Loan DetailsAlicia is 45 years old and studied only until elementary school. She married Víctor and they have three children. The oldest couldn't attend university due to their economic situation. Thanks to this, he traveled to Brazil and is currently helping with the university studies of their second son.… More from Alicia'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
- Mar 11, 2013
- May 2, 2013
- Currency Exchange Loss:
- Mar 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.