Update on GregorioGregorio has primary level education and lives with his wife. They have 8 children of whom 7 are studying. The family has lived in the Colomi community on the shores of the lake for more than 20 years. They are farmers and grow potatoes, broad beans, "oca" and "papalisa" [native tubers]. They grow some of their crops on 2 hectares of land which they inherited from their parents in the same community. They have 3 dairy cows, 3 heifers and a calf.
Gregorio and his wife have had a new house built, investing all of their savings in the construction and so they do not have enough money to buy agricultural supplies such as organic fertilizer (chicken manure) and seed potatoes. For this reason they are asking for a loan to buy these agricultural supplies. Thanks to this loan Gregorio will be able to carry on with his farming work as normal.
Previous Loan DetailsGregorio is 39 years old. He has been living together with his partner, Victoria, for more than 18 years. He has an elementary school level of education. The couple have 8 children, 6 of whom are in school. They live in Huancuni community, toward the north of Colomi, in the city of Cochabamba... More from Gregorio'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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