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Arturo

Update on Arturo

Arturo is 61 years old and married. He comes from a farming family and is always working on his crops which are his main source of income. As is the case in all businesses, sometimes things go well and sometimes they go badly. However, as he grows a variety of different crops, Arturo always manages to keep moving forward in one way or another. He also has financial support from his children who are now adults and, with the support of Kiva and Afodenic as well, it is easier for him to continue making progress. He is requesting a new loan to maintain four 'manzanas' (just under 7 acres) of pineapple crops which are growing on his farm. He will buy fertilizers, urea, manure and insecticides.
View original language description ↓
Don Arturo es casado tiene 61 años de vida, descendiente de una familia agricultora, siempre trabajando en sus siembros, principal medio de ingresos, como en todo negocio algunas veces le va bien y otras mal, pero como tiene variedad de cultivos siempre sale delante de una u otra manera y contando con el apoyo económico que le brindan sus hijos que ya son adultos le es más fácil seguir progresando, así también con el apoyo de KIVA y AFODENIC. Nuevamente está solicitando crédito para el mantenimiento de 4 manzanas de piña que en este momento tiene sembrado en la finca para comprar fertilizantes, urea, abono e insecticidas.

Previous Loan Details

Arturo is a merchant and an agriculturist. He is a hard working man who sees the need to improve their home. With a great deal of effort and with his family's support he manages a plantation. He started out when he was very young in what has become his business. Difficulties such as the theft of ... More from Arturo'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
  • 123
    View loans »
    Nicaragua Loans Fundraising
  • $24,546,650
    Funds lent in using Kiva
  • 23.8
    Nicaragua Cordobas (NIO) = $1 USD
Expired
A loan of $1,500 helped Arturo to buy fertilizer and supplies.
Repayment Term
20 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Aug 27, 2012
Listed
Oct 1, 2012
Currency Exchange Loss:
Possible
Expired:
Oct 31, 2012