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Juan José

Update on Juan José

Señor Juan is a humble farmer living in the area of Ticuantepe. He is very happy for the support given by Kiva funds through the microfinance institution Afodenic, because his first loan enabled him to recoup much of his pineapple crop thanks to the timely use of fertilizers and agricultural inputs. His biggest challenge during this loan cycle was when the market price dropped below 50 centavos for one pineapple. This did not leave him a lot of money after having paid off his loan on schedule. Now Juan doesn't have enough capital to make the necessary investments, namely buying fertilizers and agricultural inputs to keep his farming business running.
View original language description ↓
El señor Juan , es un humilde agricultor de la zona de Ticuantepe , el se siente muy conteto por el apoyo que le brinda Afodenic atravez de los fondo Kiva , ya que con su primer credito logro recuperar gran parte del cultivo de piña , por la compra fertilizante e insumos que aplico en su debido tiempo. La mayor afectacion que se le presento en este ciclo fue dedibo a los precios de mercado llegando a costar menos de cincunta centavos por cada piña , lo cual no le permitio obtener muchas gancias , mas que pagar su credito en tiempo establecido y ahora no cuenta con el capital suficiente para realizar la inversion para la compra de fertilizante e insumos requerio para la mantencion del cultivo .

Previous Loan Details

Juan Jose V. B. is 37 years old. He lives in Medardo Andino neighborhood. He is single but has four dependent children who are currently studying. He is a farmer with more than 15 years of experience. Over the years, he has faced problems with insect infestations and diseases on his land. For… More from Juan José's previous loan »

Additional Information

About AFODENIC

This loan is administered by AFODENIC, La Asociación para el Fomento al Desarrollo Nicaragua, a Kiva Field Partner based in Managua, Nicaragua. Founded in 1999, AFODENIC was created to promote the socio-economic and cultural development of sectors that are excluded from commercial banking. Integrating economic and human resources, AFODENIC offers affordable and adaptable financial services aimed at strengthening the family unit of their clients, who include students, producers, and micro- and small entrepreneurs from rural and urban areas. AFODENIC is a socially responsible institution engaged in society and making a positive impact on its professional partners and communities.

Supporting a borrower through AFODENIC contributes to the pursuit of innovation in mitigating poverty in Nicaragua. Visit AFODENIC’s partner page for more information.

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 Nicaragua

  • $3,636
    Average annual income
  • 150
    View loans »
    Nicaragua Loans Fundraising
  • $23,157,725
    Funds lent in using Kiva
  • 22.9
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $900 helped Juan José to buy fertilizers and agricultural inputs.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Nov 22, 2011
Listed
Dec 1, 2011
Currency Exchange Loss:
Covered
Ended:
Jan 19, 2013