Update on Adolfo CandidoAdolfo is a hard-working man who, together with his wife and children, continues growing papaya and guava. He has been selling these delicious fruits for many years.
Adolfo is requesting his eighth loan so that he can maintain his crops and continue growing good fruit to sell at a good price. This will allow him to cover his household expenses. Adolfo hopes that this year goes well for him and that the drought does not affect his crops.
Previous Loan DetailsEl señor Adolfo M. de 51 años, reside en la comarca de San Isidro, en la capital de Managua, casado su esposa es comerciante, el se dedica a la agricultura a la siembra de maíz y trigo y la venta de carbón es un trabajo cansado ya que desde horas temprana tiene que andar en los riegos y viendo que no haga plaga para poder tener una buena producción . Esta asociado en una cooperativa en la siembra de papaya el cual les da financiamiento y asesoria Taiwanesa. Tiene cinco años de vender el cual inicio con fondos propios y con la venta de ron y gaseosas, este es su quinto ciclo en Afodenic y da las gracias por el apoyo para sus mejoras en su inventario. Con este crédito va a comprar granos básicos, gaseosas para mejorar las ventas. Su objetivo es poder obtener lograr un mejor patrimonio para su familia. More from Adolfo Candido's previous loan »
About AFODENICThis 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.
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