Update on Dionicio RoberthDionicio's a single young man who lives with his parents in the city of Cochabamba.
Dionicio works primarily in construction as a bricklayer. He also takes care of his family's dairy cows. He gets up early every day to feed the cows and then goes to work as a bricklayer. When he returns from work he milks and takes care of the cows.
Dionicio's requesting the loan to finish building a room on his house. He needs to make some improvements for his room to be habitable.
Among his plans for the future, Henry wants to get another loan to buy cows so he can improve his income and consequently his quality of life.
Previous Loan DetailsDionicio M. is a 22-year-old single man with no children. He lives in Viloma Grande, located in the Vinto area of the city of Cochabamba. He lives with his parents and shares all that he has with his family. Dionicio is a hardworking and responsible person who, due to his life circumstances, he had… More from Dionicio Roberth'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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