Update on Jose MiguelAccording to references from his neighbors, it was possible to affirm that he’s a hardworking young man. He completed primary school but due to economic questions was unable to continue with higher education for he needed to seek work so had to leave his schooling aside.
He’s single but has lived for more than ten years with his spouse who participates in this loan. He has two small children who depend on him for moral and economic support.
It’s noted also that José Miguel has vast experience in civil construction since he’s been in this activity for more than ten years. Today, he’s asking for the present loan to be able to repair his house’s roof. With the granted loan he will be able to live properly because it’s quite damaged and in this way he’ll provide his family with better living conditions.
Previous Loan DetailsJosé Miguel is a very hardworking person from Tarija. He is 29 years old, married, and has two little children who are 9 and 2 years old. He takes care of them a lot together with his wife. José Miguel did not go to school due to economic and personal problems, so from a young age he dedicated hi... More from Jose Miguel'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.
About Housing Loans
Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.
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