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Felipe Del Socorro
Don Felipe is married and is from the region of La Joya, His wife gave birth to 7 sons, three remain dependent on their parents. The youngest son, 16 years old, is now studying in the 7th grade. Felipe earns his living growing beans and corn. He began working in agriculture at the age of 15. When he was 22 years old he got married; that is when he decided to work independently. Today, thanks to the enormous effort and sacrifice he invested during all of those years, he has his animals and his own home. During the bean and corn harvest, aside from the help his sons provide, he hires paid laborers. Felipe says that at harvest time the buyers come to the region. He sells his crop to them then, locally, since that is the most secure way. Felipe needs this Kiva loan to buy the consumables he needs and to pay part of the cost of the hired labor for the bean and corn harvest. This will be of great benefit to his business. Felipe says that this loan will be a great help since it is during this time of year when he needs the working capital to promptly begin the harvesting. He says that once he has harvested his crops he will repay the loan and with the earnings he has left, he will buy some cows.
View original language description ↓
Don Felipe es de la comarca la joya es casado su esposa tuvo 7 hijos de los cuales solo tiene 3 a cargo y el hijo menor de 16 años estudia el séptimo grado de secundaria. Felipe se dedica a la siembra de frijol y maíz el inicio a trabajar en la agricultura a los 15 años de edad y a los 22 años se caso fue entonces que decidió trabajar de manera independiente. Hoy gracias a su enorme esfuerzo y sacrificio durante todos estos años tiene sus animales y su casa. En la siembra del frijol y maíz además de sus hijos que le ayudan, el paga mano de obra. Felipe dice que cuando sale la cosecha vienen los compradores a la comarca ahí mismo vende la cosecha ya que es más seguro. Felipe necesita este Kiva crédito para comprar los insumos y para pagar parte de la mano de obra para la siembra del frijol y maíz. Esto será de mucho beneficio Felipe dice que este crédito le será de gran ayuda ya que en estos tiempos es cuando más necesita el capital de trabajo para empezar de manera pronta las labores de siembra. El dice que una vez que saque la cosecha pagara el crédito y la ganancia que le quede comprar unos animales (vacas).

About Nicaragua

  • $4,800
    Average annual income
  • 90
    View loans »
    Nicaragua Loans Fundraising
  • $24,741,875
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $300 helped Felipe Del Socorro to buy the consumables he will need and to pay part of the costs of the hired labor for the harvest of beans and corn.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
May 26, 2012
Listed
Jun 9, 2012
Currency Exchange Loss:
N/A
Ended:
Oct 16, 2012