Update on Felix PedroDon Félix says that his previous loan helped him to maintain his seven acres of coffee crops. He was able to harvest varieties such as bourbon and catuai, and made a good income from the production. Even though the harvest was good, the price of the product was very low due to international market price fluctuations, but he was able to cover production costs and repay the loan.
He plans to invest this new loan in the purchase of agricultural supplies such as manure and fertilizer, and to pay the labourers to maintain his seven acres of coffee crops. In the future he wants to buy more land in order to increase production. Once this loan is repaid, his next step will be to renew two acres of land.
Este nuevo crédito lo piensa invertir en compra de insumos agrícola como abonos, fertilizantes y gastos de mano de obra Para darle mantenimiento a cuatro manzanas de café. El desea en lo futuro comprar más parcelas de café y así aumentar la producción. Una vez finalizado el pago de este crédito su siguiente paso sería renovar una manzana de café.
Previous Loan DetailsFelix, age 60, is from the community of La Rica, located in the Jinotega department. He has seven children and makes his living growing coffee. Felix has been in this business for over 40 years; he started when, at the age of 18, he first sowed his own crops on a plot that his father had left him.… More from Felix Pedro's previous loan »
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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Success!! The loan was 100% repaid