Update on Oscar AgustoOscar 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.
Previous Loan DetailsSr. 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 »
About AFODENICThis 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.
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Success!! The loan was 100% repaid