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Luis Alberto

Update on Luis Alberto

Luis is young man with high hopes to get ahead. This hard working entrepreneur tells us that he is grateful for the Kiva loan he has received as it has not only benefitted him as a farmer, but has also allowed him to hire others in his local community. The loan he is currently requesting is to sow another vegetable crop, buy supplies and pay manual labor. His objective is to improve the production of vegetables and offer employment to the peasants of his community.
View original language description ↓
Luis, un joven con muchas ganas de salir adelante, emprendedor y muy trabajador nos manifiesta su agradecimiento por el préstamo Kiva que ha recibido ya que no solo a el lo ha beneficiado como agricultor también le ha permitido brindar empleo a otras personas cercanas a su comunidad.Ahora este cerdito lo requiere para sembrar otra área mas de hortalizas, compra de insumos y pago de mano de obra. Con el objetivo de ir mejorando su producción de hortalizas y brindar oportunidad de empleo a los campesinos de su comunidad.

Previous Loan Details

Luis Alberto, aged 28, lives in Pueblo Nuevo in the mucipality of Estelí. He is single, and is a farmer who grows vegetables. This is his second loan through Kiva. He was very positive about his first loan, as with it he was able to keep up his planting of tomatoes, buy supplies and fertilize... More from Luis Alberto'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

  • $4,800
    Average annual income
  • 68
    View loans »
    Nicaragua Loans Fundraising
  • $25,383,750
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,400 helped Luis Alberto sow another vegetable crop, buy supplies and pay manual labor.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
At end of term
Feb 28, 2012
Mar 19, 2012
Currency Exchange Loss:
Sep 15, 2012