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Pedro Antonio

Update on Pedro Antonio

Pedro, an enterprising young man and a native of Esteli, is the father of three children. He is a merchant who sells “bolis” (frozen ice pops). He tells us that he benefited from the previous loan and that it was a great help and he is very grateful since he obtained the raw materials to make his products. He notes that the more popular consumption products he offers the more customers he has.

His goal is to be able to start a bakery since there are none in his community and stores in the area offer few such products. Consequently he is requesting a new loan to purchase flour, sugar, yeast and oil. His objective is to begin selling bread as well as “bolis”. He wants to succeed and give his family a better quality of life and have a business that is economically sustainable.
View original language description ↓
Pedro, un joven emprendedor, originario de Estelí, padre de tres hijos, de oficio comerciante se dedica a la venta de bolis. El nos cuenta que el haber sido beneficiado por el crédito le fue de mucha ayuda y está muy agradecido pues logro materia prima para hacer sus productos y el noto que entre más productos de consumo popular les ofrezcas a los clientes más te busca. El tiene una meta de poder comenzar una panadería pues cerca de su comunidad no cuentan con este tipo de negocio que son escasos y pocos los que ofrecen. Es por ello que solicita el crédito para comprar harina, azúcar, levadura, aceite. Pues su propósito es comenzar a vender pan y vender bolis, tiene como meta progresar en la vida darle una mejor calidad de vida a su familia y tener un negocio sostenible económicamente.

Previous Loan Details

Pedro is from Estelí. He is single and has three children who are all in school. He is a salesman. Pedro started his business with his own money that he made working in a carpentry workshop at the age of 31. He sells 'bolis' which are a flavored, frozen treat (a kind of ice pop frozen in a pl... More from Pedro Antonio'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
  • 133
    View loans »
    Nicaragua Loans Fundraising
  • $24,060,850
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,300 helped Pedro Antonio to buy flour, sugar, yeast and oil.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 10, 2012
Listed
Aug 25, 2012
Currency Exchange Loss:
N/A
Ended:
Mar 17, 2014