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Juan Fermin

Update on Juan Fermin

Juan Fermín, aged 51, is married and the father of six children, with three of them studying. He himself attended elementary school until third grade. He is a knitter. He started this activity with his siblings and has so far gained a 26-year-long experience. Juan Fermín applies for a loan to buy thread of various kinds and colors. He hopes that his business will have a bright future with better profits.
View original language description ↓
El señor Juan Fermin es casado, tiene 51 años de edad, cursó los 3 años de educación primaria, tiene 6 hijos 3 de los cuales están estudiando, se dedica a la tejeduría, inicio este trabajo juntamente con sus hermanos y hasta ahora lleva 26 años de experiencia.

Solicita un préstamo para la compra de hilos de diferentes clases y colores, espera en el futuro ver su negocio grande y con mejores ganancias.

Previous Loan Details

Señor Juan Fermín, aged 50, is married and the father of six children, with three of them studying. He himself attended elementary school until third grade. He is a knitter. He started this activity with his siblings and has so far gained a 25-year-long experience. Juan Fermín applies for a lo... More from Juan Fermin's previous loan »

Additional Information

About Asociación ASDIR

ASDIR (Asociación de Desarrollo Integral Rural - Association for the Development of Rural Communities) is a community-based organization that works to promote development in the villages and communities where it serves. It was founded in 1999 in the village of Nimasac, Totonicapán Department, by a handful of local men and women to support community projects and group loans. Today ASDIR has 5 offices across 3 departments (Totonicapán, Sololá and Suchitepéquez) serving more than 6,000 clients, most of them in rural communities.

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 Guatemala

  • $5,300
    Average annual income
  • 100
    View loans »
    Guatemala Loans Fundraising
  • $9,669,775
    Funds lent in using Kiva
  • 8.0
    Guatemala Quetzales (GTQ) = $1 USD

Success!! The loan was 100% repaid

A loan of $150 helped Juan Fermin to buy thread.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 16, 2012
Listed
Oct 13, 2012
Currency Exchange Loss:
Possible
Ended:
Feb 15, 2013
This photo was used before for a previous loan for Juan Fermin. It was first posted on Kiva on Dec, 2011. Learn More