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Pedro Agustin

Update on Pedro Agustin

Don Pedro is 37 years old and originally from Estelí. He is the father of three children, and works as a farmer and businessman. He has 15 years of experience in growing and selling vegetables.

This is his second loan with Kiva, as he had great success with the first loan which he used for growing onions. Thanks to his good sales, he was able to buy a truck that he uses to transport his products.

He is requesting the second loan to purchase supplies, fertilizers, and manure, and to pay for labor for growing onions. He also hopes that his produce will be of excellent quality and will result in good yields like his first planting.

At this stage, his children are helping him with the farming and are learning to deal with the business side of things. His primary goal is to give them a good education and raise the living standard of his family.
View original language description ↓

Don Pedro de 37 años de edad, originario de Estelí, padre de tres hijos, de oficio agricultor y comerciante. Con mas de 15 años de experiencia en el área de siembra y comercialización de hortalizas. Este es su segundo crédito en Kiva, pues el primer préstamo fue de mucho éxito lo ocupo para siembra de cebolla gracia a la buena venta logro comprarse una camioneta que utiliza para transportar su producto. El solicita el este segundo crédito para compra de insumos, fertilizantes, abono y pago de mano de obra para siembra de cebolla. Pues espera que su producción sea de mucho calidad y buenos rendimientos como fue la primera siembra. En esta etapa lo esta apoyando sus hijos para sembrara en conjunto y aprendan a lidiar con el negocio pues su meta principal es darle una buena educación y nivel de vida a su familia.


Previous Loan Details

Mr. Pedro is 36 years old and lives in the neighborhood of El Calvario ["The Calvary"] in the department of Estelí. He has more than 20 years of experience in agriculture. At a very young age, he started helping his parents with planting beans and onions. He became independent at the age of 15… More from Pedro Agustin's previous loan »

Additional 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
  • 168
    View loans »
    Nicaragua Loans Fundraising
  • $23,230,825
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $925 helped Pedro Agustin to buy supplies for growing onions.
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Nov 18, 2011
Listed
Dec 2, 2011
Currency Exchange Loss:
N/A
Ended:
Mar 15, 2012