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Esperanza Del Soc0Rro

Update on Esperanza Del Soc0Rro

Esperanza says that her previous loan helped her to cultivate sweet pepper and obtain a good income, even though the price of the product is very low. She was able to cover the production costs and keep the surplus of the crop for her family's consumption. She is very grateful for the opportunity that the loan on Kiva provided her. She invested her previous loan in the purchase of manure, insecticides, fungicides, and payment for the labourers for the cultivation of sweet pepper.
She will invest this new loan in the purchase of fertilizers, manure, and pesticides, and to pay the labourers. She will cultivate nearly one acre of sweet peppers. Her husband and children support her in this.
With her income, she hopes to improve her home, buy milking cows, and to keep cultivating vegetables: tomatoes and sweet peppers.
Her next step after repaying her loan will be to plant beans and sweet pepper in order to diversify her income.
View original language description ↓
Esperanza dice que su crédito anterior le ayudo para lograr cultivar chiltomas y obtener buenos rendimientos aunque el precio del producto está muy bajo. Pudo sacar los costos de producción y guardar el excedente del cultivo para el consumo familiar está muy agradecida por la oportunidad que le brindo el financiamiento Kiva. El préstamo anterior lo invirtió en la compra de abonos, insecticidas, Fungicidas y mano de obra para cultivar chiltoma. Este nuevo préstamo lo invertirá en la compra de fertilizantes, abonos, pago de mano de obra y plaguicidas para cultivar media manzana de chiltoma. En esta inversión la apoyaran su esposo y sus hijos. Con las ganancias que obtenga
espera mejorar su vivienda, comprar vacas paridas y seguir trabajando con hortalizas; tomate y chiltoma.
Su siguiente paso después que cancele el crédito seria sembrar frijoles y chiltoma para diversificar sus ingresos.

Previous Loan Details

Esperanza is originally from Coyolito, municipality of Jinotega. She is married and has six children, four still under her care. She balances her motherly duties with being a farmer, since she makes a living planting vegetables. The women in her community support their families by planting vegeta... More from Esperanza Del Soc0Rro'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 $625 helped Esperanza Del Soc0Rro to buy fertilizer, manure, pesticides, and to pay the labourers.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Apr 22, 2013
Listed
May 17, 2013
Currency Exchange Loss:
N/A
Ended:
Dec 17, 2013