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Felix Pedro

Update on Felix Pedro

Félix, Kiva client, is from Rosario in the region of Pueblo Nuevo and municipality of Estelí. He's a farmer, married, and father of three children. He farms corn, beans, and vegetables. He's thankful to Kiva for the support provided through loans, since it has helped to achieve his expectations of good yields and quality harvest. The last credit was used to buy agricultural inputs and pay for manual labor to sow 0.88 acres (½ manzana) of cucumber.

Currently, he needs the new loan to invest more in his products, purchasing agricultural inputs and paying for manual labor. This time, he will sow 3.5 acres (2 manzanas) of corn and 0.88 acres (½ manzana) of beans since the season in which the product is sold at a good price is coming up. He believes that this investment will be helpful to increase his income even more. This will help to secure his family's well-being. His future plans, after paying off the loan, are to use the earnings to diversify his products and expand his planting area.

Félix hopes to keep counting on Kiva's support to get ahead with his family.
View original language description ↓
El señor Félix cliente Kiva es originario del Rosario comarca Pueblo Nuevo municipio de Estelí, de oficio agricultor, casado, padre de 3 hijos, el se dedica a la siembra de maíz, frijol y hortalizas. Agradece a Kiva por el apoyo brindado atravez del préstamo pues ha sido de ayuda porque logro cumplir sus expectativas de obtener buenos rendimientos y calidad de su cosecha, el ultimo crédito lo utilizo para comprar insumos y pagar mano de obra para sembrar ½ manzana de pepino. Ahora requiere de un nuevo préstamo para invertir aun mas en sus productos en la compra de insumos y pago de mano de obra pero esta vez para sembrar 2 manzanas de maíz y ½ manzana de frijol ya que viene la temporada en que el producto se vende a un buen precio, el estima que esta inversión será de ayuda pues podrá incrementar aun mas sus ingresos que aseguraran el bienestar de su familia, sus planes futuros una vez que cancele el préstamo es con las ganancias diversificarse en productos y ampliar el área de siembra, Félix espera seguir contando con el apoyo de Kiva para salir adelante con su familia.

Previous Loan Details

Félix, originally from Rosario in the county of Pueblo Municipio de Estelí, is a farmer. He is married and has three children. He expresses his enormous appreciation for the help received in his first loan with Kiva. He used it to buy supplies and to pay hired labourers to sow beans. He managed t... More from Felix Pedro'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
  • 103
    View loans »
    Nicaragua Loans Fundraising
  • $24,801,550
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $275 helped Felix Pedro para invertir en la compra de insumos y pago de mano de obra.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Jun 11, 2012
Listed
Jun 15, 2012
Currency Exchange Loss:
N/A
Ended:
Nov 15, 2012