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Oscar Agusto

Update on Oscar Agusto

Oscar is 43 years old and comes from a farming family. He is married with one son. He works in order to give his son all of his support, both financial and emotional, so that he can grow up in a healthy and calm atmosphere. His wife works as a domestic assistant.

Oscar's main difficulty is the variation in pineapple prices, due to a bad harvest. Therefore, he is applying for a loan to improve his land by buying fertilizer, urea, and insecticides, taking advantage of his long career and vast experience in agriculture. In the future, he wishes to buy property and plant more fields in order to sell more products.
View original language description ↓
Don Oscar tiene 43 años , de familia agricultora, es casado, tiene un hijo por el que trabaja para darle todo su apoyo tanto económico como emocional para que crezca en un ambiente sano y tranquilo, su esposa trabaja como domestica, su principal dificultad es la variación de los precios en las frutas de piña, debido a la mala cosecha, por lo que está solicitando apoyo de crédito para darle mejoramiento a sus tierras comprando abono, urea, e insecticidas, aprovechando la gran trayectoria y experiencia que tiene en la agricultura, en un futuro desea comprar una propiedad y sembrar otros rubros, para lograr vender mas productos.

Previous Loan Details

Sr. Oscar lives with his wife in the town of Concepcion. His wife works as a cleaner and they share household costs. Don Oscar wants to repair the house where they live because the roof of the house has been damaged by volcano ash. Don Oscar has made a living from coffee farming for several ye... More from Oscar Agusto'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
  • 102
    View loans »
    Nicaragua Loans Fundraising
  • $24,739,175
    Funds lent in using Kiva
  • 23.8
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $850 helped Oscar Agusto to buy fertilizer, urea, and insecticides.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Sep 19, 2012
Listed
Nov 1, 2012
Currency Exchange Loss:
Possible
Ended:
Oct 17, 2013