Update on Jader JoseJader lives in Colonia Talolinga; he’s been doing field work since he was little with his father like tending to livestock and also doing farming chores planting basic grains and tubers. Today, he works for himself in the same kind of activities mentioned above which have become the main source of income for his family’s economic stability.
He needs this loan to buy five calves to raise that will allow him to increase his herd size and in the short run be able to make better sales that produce higher profits.
References from his neighbors indicate that they consider him to be a responsible person with good habits and also progressive. He hopes to be benefited with this loan in order to carry out his much wished for project.
Previous Loan DetailsJader Jose is 21 years old and single. He lives in the neighborhood of Talolinga, and he carries out farming and ranching activities in his production unit, which serves as his main source of income. He works together with his mother and two brothers. His father, Rafael Gacia, gave him the author... More from Jader Jose's previous loan »
About AFODENICThis 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.
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