Update on AngelAngel is 68 years old, and is married to Eusebia. They have children who live with them but they are travelling abroad so now they live alone. They are engaged to the activity of raising cattle for the production and sale of cheese.
Currently, they are going through a difficult situation because they don't have enough fodder to feed their cattle. The money they had for these supplies was lent to a person, who hasn't returned it so far and refuses to do it.
Due to this emergency, Angel had to resort to our offices to request a loan. He is desperate because his income depends on the good diet of the cattle, and he hopes to be able to live without worries.
Previous Loan DetailsMr. Angel N. T. is 59 years old and is involved in the production of milk. He lives in the Maica Sud area close to the city of Cochabamba, an area exclusively agricultural. He is married and with the age that he has he is a grandfather. He lives with his wife and with one of his granddaughters th... More from Angel'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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