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Gamaliel De Jesus

Update on Gamaliel De Jesus

Gamaliel is from Estelí and is married. He works in agriculture growing tomatoes, corn and beans. He says that his first loan cycle was a great help because he used it to buy supplies and pay day labor to cultivate about 0.87 acres. In this way, he was able to get a good profit from his harvest. Gamaliel's dream however is to expand his business. Because of this, he is now taking out his second Kiva loan to invest in his business by purchasing supplies including fertilizers.

These products are necessary for planting and he estimates that this loan will be of much help to him because the earnings obtained will allow him to continue investing in producing tomatoes. His future plans are to continue growing tomatoes because he has been able to improve his earnings through this business. His goal is to expand the land used for planting and receive a better income to offer a better future to his family.
View original language description ↓
Gamaliel, originario de Estelí, casado, de oficio agricultor se dedica a la siembra de tomate, maíz y frijoles. El cuenta que su primer crédito le fue de gran ayuda porque lo utilizo para la compra de insumos y pago mano de obra, para poder cultivar media manzana de tomate, de esta manera obtener buenos rendimiento en la producción de su cosecha. Pero el sueño de Gamaliel es ampliar su negocio es por eso que hoy en día, realiza su segundo crédito Kiva, para invertir en su negocio en la compra de insumos como abonos, fertilizantes. Todos los productos necesarios para su siembra, el cual estima que este crédito le será de mucha ayuda porque con las ganancias obtenidas podrá seguir invirtiendo en la producción de tomate , sus planes futuros es seguir trabajando en la siembra de tomate, atraves de estenegocio ha podido mejorar sus ingresos . Su meta es ampliar sus areas de siembre y obtener mejores ingresos para ofrecerle un mejor futuro a su familia.

Previous Loan Details

Gamaliel is 34 years old and is from Estelí. He is married and is a farmer. He works planting tomatoes, corn and beans. He completed studies up until his third year of secondary school. He started this work 10 years ago with his own business by planting tomatoes with the money that he got from se... More from Gamaliel De Jesus'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
  • 134
    View loans »
    Nicaragua Loans Fundraising
  • $24,576,775
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,300 helped Gamaliel De Jesus to buy supplies including fertilizers.
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:
Jul 18, 2013