Update on GonzaloGonzalo is 36 years old and single. He was able to go to primary school. He lives in his own home in the community of Tiraque. He has 6 dependents under his responsibility, his children. His main activity is farming. He produces potatoes, 110 loads, beans (greens), 28 loads, onions, 25 loads, wheat, 16 quintals, barley, 18 quintals, and oats (fodder), 2 truckloads. He grows these crops on his own land inherited from his father. They are located in the same area. He does his farm work with the help of his neighbors and lives in a rustic adobe house. This loan is to buy chicken manure fertilizer. This way, he will have a better harvest that will allow him to improve his financial conditions and therefore his dependents' quality of life.
Previous Loan DetailsGonzalo is from the Kolque Koya Alto community in the province of Tiraque, department of Cochabamba. He is married and raising seven children. His main source of income is agriculture, and he farms tubers and grains in his community of Kolque Koya, located about five kilometers to the east of T... More from Gonzalo'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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