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Chester Danilo

Update on Chester Danilo

Sr. Chester is a resident of Managua but works on his pineapple crop in the town of Ticuantepe. The greatest difficulty that presents itself at this time is that he doesn't have sufficient capital to start growing his crop and maintain a production free of pests. He has the support of his father as his work as a security guard doesn't help much.

His production is sold in the markets of Managua. He has sown 1.5 manzanas [2.6 acres] of pineapple and he needs this loan to provide good maintenance of his crop and in this way offer a good pineapple production to his customers.
View original language description ↓
El señor Chester es habitante de Managua pero trabaja en su cultivo de piña en ticuantepe, la mayor dificultad que se le presenta en estos momentos es que no cuenta con capital suficiente para inducir su cultivo y mantener una producción sin plagas, cuenta con el apoyo de su papa ya que su trabajo como guarda de seguridad no le ayuda mucho, su producción la comercializa en los mercados de Managua, actualmente tiene sembrado 1.5 manzanas de piña, el crédito lo requiere para darle el buen mantenimiento a su cultivo y así ofrecer una buena producción de piña a sus clientes.

Previous Loan Details

Sr. Chester is a resident of the town of Ticuantepe. His plans for his family are to improve their living conditions and to support his father. Don Chester has been growing pineapple for several years. He and his father strive each day to provide for the needs of their household. Don Che... More from Chester Danilo'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

  • $4,800
    Average annual income
  • 106
    View loans »
    Nicaragua Loans Fundraising
  • $24,828,400
    Funds lent in using Kiva
  • 23.7
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $650 helped Chester Danilo to buy fertilizers and farming supplies.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Aug 22, 2012
Listed
Oct 1, 2012
Currency Exchange Loss:
Possible
Ended:
Sep 18, 2013
This photo was used before for a previous loan for Chester Danilo. It was first posted on Kiva on Aug, 2011. Learn More