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Demetrio Celedonio

Update on Demetrio Celedonio

Demetrio lives in the municipality of Ticuantepe with his wife and children. He has been working the land for more than 30 years. His wife helps with the household expenses by selling fruits and vegetables. He grows pineapple and needs capital to maintain his crop. With this loan he was able to buy the necessary supplies and fertilizers. He is grateful for the support provided by Afodenic and Kiva.
View original language description ↓
El señor Demetrio, habita en el municipio de Ticuantepe junto a su esposa e hijos, el trabaja la tierra desdes hace mas de 30 años, su esposa le ayuda con los gastos del ya que ella es comerciante de Frutas y Verduras y con los ganancias ayuda con la economia del hogar, el cultiva piña y requiere de capital para darle mantenimiento a su cosecha, con este credito que se le ha otorgado comprar los insumos y fertilizantes necesarios, Agradece el apoyo brindado por Afodenic y Fondos Kiva.

Previous Loan Details

Demetrio lives in Ticuantepe with his wife who sells fruits and vegetables to help pay the household expenses. Demetrio's plans are to improve his family's standard of living, but above all, to support his wife and her dream to have a proper kitchen. Their current kitchen has deteriorated over ... More from Demetrio Celedonio'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
  • 129
    View loans »
    Nicaragua Loans Fundraising
  • $24,535,925
    Funds lent in using Kiva
  • 24.8
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $500 helped Demetrio Celedonio to maintain his crop.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 30, 2013
Listed
May 10, 2013
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2014