Update on FlorencioSeñor Florencio is a 34 year old married man. He completed his primary school studies. He lives in his own house in the community of Tiraque, where he is responsible for four economic dependents, who are his children.
Señor Florencio works in agricultural production. In an average year, he sells these products in these quantities: Potatoes, 150 loads; green beans, 80 loads; onions, 50 K’epis (bundles); barley (grain), 10 loads. The sowing of these crops happens on his own plots of land, inherited from his parents. The lands consist of about 3 hectares; they are located in the same community. They have an irrigation system. He lives in a rustic adobe home. This loan buys one cow, fertilizer made from chicken droppings, and bean seed. In this way, the future production will improve his economic conditions and also his dependents’ quality of life.
Previous Loan DetailsSeñor Florencio is from the community of Cochimita, in the province of Tiraque and the department of Cochabamba. He is now married and has two children. His business is agriculture. He grows root crops and grains in his community of Cochimita. The loan that he is applying for will be used to… More from Florencio'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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