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Jesus Alberto

Update on Jesus Alberto

Jesús is a Kiva client and dedicates himself to vegetable farming. He is from Estelí, and is very pleased with his third loan because it was of great help to him. He was able to invest it during planting season, obtaining good crop yields and quality, thus increasing his sales and making a greater profit. He used his third loan to buy supplies and to pay for labor to cultivate tomatoes, since the demand for his vegetables has been growing.

It is for this reason that he is asking for a loan from Kiva, to buy supplies, such as fertilizers, and to pay for labor to sow half an acre of cabbage and an acre of corn to sell, since he believes that he would be able to obtain good yields on these vegetables and could sell them at a good price. The next step would be to increase the area that he uses to sow his vegetables.
View original language description ↓
Jesús es cliente Kiva, de oficio comerciante, se dedica a la siembra de hortaliza, originario de Estelí, el se siente satisfecho con su tercer préstamo porque le fue de gran ayuda ya que pudo invertirlo en su siembra obteniendo buenos rendimiento y calidad de su cosecha, incrementado sus ventas y de esta manera pudo obtener mejores ganancias, utilizo su tercer préstamo en la compra de insumo y pago de mano de obra para cultivar tomate, ya que la demanda de sus productos de hortalizas ha ido creciendo. Es por este motivo que está solicitando un crédito Kiva, para comprar de insumo, fertilizantes, abonos y pago de mano de obra para sembrar ½ manzana de repollo y una manzana de maíz para vender, ya que el considera que obtendrá buenos rendimientos de su cosecha y se lo pagaran a un buen precio, su siguiente paso es ampliar el área de siembra.

Previous Loan Details

Jesús is a farmer by trade; he grows vegetables. This Estelí native is a Kiva borrower and his second loan was of great help, because he was able to invest in his crop. He obtained improved productivity and quality in his crop, which increased his sales and, in turn, resulted in more income for t... More from Jesus Alberto'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
  • 90
    View loans »
    Nicaragua Loans Fundraising
  • $24,770,775
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,250 helped Jesus Alberto to buy supplies, such as fertilizers, and to pay for labor.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Jan 10, 2013
Listed
Jan 12, 2013
Currency Exchange Loss:
N/A
Ended:
Aug 18, 2013