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Juan Carlos

Update on Juan Carlos

Juan, is a Kiva client, he is a resident of Estelí, he is single, studies up to 6th grade, farmer, he started growing tobacco seven years ago. He used his previous loan to cover production costs of corn and beans, and to buy inputs to maintain his crops and have a good harvest. He now wants this loan to buy inputs, deposits and labor to grow 0.8 acres of tobacco. He hopes to offer good quality products and sell them at a good price to obtain more income, he hopes to have the support of more loans to be able to work in his business, his next goal is to expand the land where to grow tobacco.
View original language description ↓
Juan cliente Kiva, Estelí, soltero, su nivel académico es hasta sexto grado de primaria, de oficio agricultor, se dedica a la siembra de tabaco desde hace 7 años. El utilizo su anterior préstamo para cubrir costo de producción agrícola como maíz y frijol, en la compra de insumos para darles un mejor mantenimiento a su siembra y tener buenos rendimientos de su cosecha. Ahora requiere el este credito para invertirlo en la compra de insumo, abonos y pago de mano de obra para sembrar media manzana de tabaco, ya que su deseo es ofrecer un productos de buena calidad que pueda vender a un buen precio para obtener mejores ingresos, el espera poder contar con apoyo de otros créditos para seguir trabajando en su negocio, su meta próxima es ampliar el área de siembra de tabaco.

Previous Loan Details

Juan, a farmer, is a resident of Estelí. He grows tobacco and vegetables. Thanks to his great effort, arduous labor, and responsibility, he enjoys a good credit history with MiCredito. The Kiva loan has helped him in his process of growing as a farmer. He needs the loan in order to plant beans an... More from Juan Carlos's previous loan »

Additional 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
  • 97
    View loans »
    Nicaragua Loans Fundraising
  • $24,800,300
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Juan Carlos to buy inputs, pay deposits and labor to grow 0.8 acres of tobacco.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Dec 15, 2012
Listed
Dec 26, 2012
Currency Exchange Loss:
N/A
Ended:
Jun 18, 2013