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Santos Valentin

Update on Santos Valentin

Señor Santos is a 48-year-old Kiva client, a native of San Antonio district in the municipality of Pueblo Nuevo, Esteli. He is a farmer who has been growing tobacco for 15 years. He went to school up to junior high school, and is now the father of five grown-up children. He says his first loan was a great help because it could cover the cost of supplies and the rental of land to grow tobacco, which generated a good crop. His first loan was used for the purchase supplies and labour payment so that he was able to sow five manzanas (8.6 acres) of tobacco. He wants to improve production and offer better quality produce this year, which is why today he requires a second loan. This time he will invest in the repair and maintenance of a tobacco-drying gallery. This will help him improve the quality of his produce, and the development is supported by his children as well as by Kiva. He hopes to have the support of Kiva to keep your business growing, to cover the tobacco production costs, generate more income and to move forward with his family.
View original language description ↓
El señor Santos un productor de 48 años de edad, cliente Kiva, originario de San Antonio comarca del municipio de Pueblo Nuevo- Estelí, de oficio agricultor se dedica a la siembra de tabaco desde hace 15 años, su nivel académico es hasta tercer año de secundaria, padre de 5 hijos mayores de edad. El dice que su primer crédito fue de gran ayuda porque pudo cubrir los gastos de insumo y el alquiler del terreno para sembrar tabaco lo que genero buenos rendimientos de la cosecha, su primer préstamo lo utilizo para la compra de insumos y pago de mano de obra para sembrar 5 manzanas de tabaco, pero el desea sacar una mejor producción y ofrecer productos de buena calidad este año es por eso que hoy requiere de un segundo crédito pero esta vez para invertir en la reparación y mantenimiento de una galera para secar el tabaco, el cual estima este nuevo préstamo será de ayuda ya que podrá mejorar la calidad de sus productos, en su nueva inversión recibe el apoyo de sus hijos y Kiva, el espera contar con el apoyo de Kiva para mantener su negocio activo, cubrir los costos que genera la producción de tabaco, generar mas ingresos y poder salir adelante con su familia.

Previous Loan Details

Santos, a 47 year old tobacco producer, lives in the San Antonio zone, a region in the Pueblo Nuevo – Estelí municipality. He comes from very humble beginnings. He is married and has five children. He has been a farmer from a very early age. Among other business activities, he also devotes ... More from Santos Valentin'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

  • $3,636
    Average annual income
  • 114
    View loans »
    Nicaragua Loans Fundraising
  • $23,737,400
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Santos Valentin to invest in the repair and maintenance of a tobacco-drying room.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Jun 11, 2012
Listed
Jun 19, 2012
Currency Exchange Loss:
N/A
Ended:
Jun 18, 2013