Check out some available loans that are similar to this one!
Faustino Gregorio

Update on Faustino Gregorio

Faustino lives in the Pablo Calero neigbourhood of the town of Ticuantepe. He is married and has four sons. His wife helps him with household chores. A farmer for over twenty years, Faustino needs money to keep his pineapple crops in good condition, for which he needs fertiliser and other supplies. The loan will enable him to buy these, which are necessary to guarantee the quality of his product. He thanks field partner Afodenic and Kiva for their support.
View original language description ↓
El señor Faustino habita en el municipio de Ticuantepe en el barrio Pablo Calero, casado parde de 4 hijos, ella le ayuda con los tareas del hogar, el es agricultor desde hace mas de 20 años, actualmente requiere de capital para darle un optimo mantenimiento a su cultivo de Piña del cual requiere de fertilizantes e insumos necesarios para que su cultivo sea de calidad , con este nuevo financiamiento podra comprar los insumos, Agradece el apoyo que Afodenic en conjunto a Fondos Kiva.

Previous Loan Details

Mr. Faustino Gregorio C. G., 42, lives in the Pablo C. neighborhood. He’s married and his wife’s a housewife but she also helps him with the farm work. They have four minor children who go to secondary school. They have been in farming for over 20 years. They were able to acquire farmland... More from Faustino Gregorio'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

  • $4,800
    Average annual income
  • 97
    View loans »
    Nicaragua Loans Fundraising
  • $24,749,225
    Funds lent in using Kiva
  • 23.9
    Nicaragua Cordobas (NIO) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,500 helped Faustino Gregorio to keep his crops in good condition.
98% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Jan 15, 2013
Listed
Feb 1, 2013
Currency Exchange Loss:
Possible
Ended:
Mar 17, 2015