Update on ZoraidaZoraida lives with her family in her own home. She is 41 years old, married, and has an elementary school education. She has six dependents, her children, who are under her care.
Her business activity is agricultural production. She grows potatoes, beans, peas, and corn on her own land. The land is situated in the Thoqo Rancho community in the Tiraque municipality, which is 73 kilometers from the city of Cochabamba.
Her husband works by providing his services as a helper in the AMVI (Road Maintenance Association) in the same area, and he generates monthly income. Zoraida and her husband show themselves to be hard-working and responsible people who want to succeed and increase their agricultural production.
In order to do so, they see the necessity of requesting capital to buy agricultural land. That way they will get greater income, and they will improve the quality of life for their dependents.
Previous Loan DetailsThe borrower is from the community of Thogo Rancho in Tiraque Province of the Department of Cochabama. Señora Zoraida was born on 20 August 1971 in Thogo Rancho, Tiraque and currently lives near that community. She is a hardworking woman who is currently in the process of organizing an ass... More from Zoraida'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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