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Reynaldo José

Update on Reynaldo José

Reynaldo and his wife are moving forward and building a family. They have three children. He’s worked in agriculture since he was 16-years-old. He currently has a manzana [Central American unit of land measurement] planted with pineapples and he needs to provide crop maintenance. He will use this loan to buy manure, urea, fertilizer, diuron [herbicide], etc. He’s grateful to Afodenic who by means of Kiva funds have supported him to improve his wellbeing and to improve his life.
View original language description ↓
El señor Reynaldo junto a su esposa ha salido adelante y construir una Familia, tiene tres hijos, se dedica a la agricultura desdes que tenia 16 años de edad, actualmente tiene una manzana de Piñas y necesita darles mantenimieno, este credito sera utilizado para la compra de los siguientes insumos y fertilizantes: Abono, Urea, Completo, Diuton etc. Agredecido con Afodenic quien atravez de Fondos Kiva lo han apoyado para mejorar s u bienestar y mejorar de vida.

Previous Loan Details

Mr. Reynaldo C. is 32 years old, his wife manages the home, they have 3 children of 16, 11 and 8 years of age, all of them are attending school. He lives in the Ticuantepe municipality where he has worked in agriculture for 16 years. He began his work with his fathers help, he grows pineapples.... More from Reynaldo José'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

  • $3,636
    Average annual income
  • 147
    View loans »
    Nicaragua Loans Fundraising
  • $24,067,475
    Funds lent in using Kiva
  • 24.1
    Nicaragua Cordobas (NIO) = $1 USD
Expired
A loan of $1,050 helped Reynaldo José to buy farm supplies.
Repayment Term
20 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Nov 27, 2012
Listed
Dec 1, 2012
Currency Exchange Loss:
Possible
Expired:
Dec 31, 2012