Update on SoniaSonia works in milk production. She has been in this business for more than 15 years and she has a lot of experience in it. Sonia’s work is very hard because she starts her workday very early, at 5:00 in the morning, when she milks the cows. She feeds them and then goes to the fields to harvest alfalfa, which she does with a manual grass cutter. Sonia is requesting the loan to be able to buy hay for feeding her cows. Sonia is grateful to the people at Kiva for the help they are giving her, since it is through their support that she will be able to increase her milk production and have a better quality of life.
Previous Loan Details36-year old Sonia is a single mother with a 9-year old daughter. She lives in Alba Rancho in a rural area south-east of Cochabamba with her parents and siblings. Her job is producing milk for the local processing plant. As the oldest daughter, she is responsible for her elderly parents. About five… More from Sonia'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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