Check out some available loans that are similar to this one!
Mercedes Del Carmen

Update on Mercedes Del Carmen

Mercedes continues to grow pineapples, and is requesting this new loan in order to purchase fertilizer and supplies, since after the first rainfall, part of her crops were damaged and are filling with pests. For this reason, she has suffered losses in her plot of land, so she needs to urgently apply fertilizer to her crops so that their next yield is more profitable.
She wants to thank Afodenic for the trust they have deposited in her so that she may keep working on production.
View original language description ↓
La señora Mercedes continua con el cultivo de Piña este nuevo préstamo lo solicita para comprar Fertilizante e insumos ya que con las primeras lluvias parte del cultivo se le daño y esta llenándose de plagas, debido a eso tiene perdidas en la parcela . Lo cual necesita con urgencias aplicar abono a los cultivos para que en la próxima producción sea más rentable. Agradece la confianza que Afodenic le ha brindado para seguir trabajando en la producción.

Previous Loan Details

Mercedes is a farmer in the area of Ticuantepe. For two years, the biggest problem has been the pests that the pineapple crop. The plans for the future are to improve soil conservation. When there is burning, it deteriorates to the point that it loses its farming potential. She needs the loan to… More from Mercedes Del Carmen'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
  • 163
    View loans »
    Nicaragua Loans Fundraising
  • $23,195,750
    Funds lent in using Kiva
  • 23.5
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,500 helped Mercedes Del Carmen to purchase fertilizer.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
May 30, 2012
Listed
Jun 7, 2012
Currency Exchange Loss:
Possible
Ended:
Jun 18, 2013