Update on Juan CesarSr. Juan Cesar is 29 years old, single, and currently lives with his parents. He is a music teacher at a school in the community of Colomi in the city of Cochabamba. Juan Cesar helps his younger siblings financially with their education expenses. He has four brothers, one in high school and three attending university. After teaching classes at the school, Juan Cesar spends his afternoons farming with his younger brothers. They produce potatoes, beans, and "oca" (a root vegetable grown in the Andes) on two hectares of land owned by their parents in the community of Rosario.
Colomi is located 50 kilometers from the city of Cochabamba. For this reason, it is very difficult to access loans from banks. CIDRE took the initiative to come to this rural area. Juan Cesar says that he needs money to buy farming supplies so that he can increase production, earn sufficient income, and save for the educational expenses of his brothers.
Juan Cesar is an enterprising and cooperative young person who wants to help his siblings become professionals.
Previous Loan DetailsMr. Juan Cesar is 27 years old. He is single and currently lives with his parents. A professor in the local school, he economically helps paying for the education of his younger brothers with his wage. He has 4 younger bothers, 3 attending school and 1 attending the University of San Simón (Unive... More from Juan Cesar'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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