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Mercedes Del Carmen

Update on Mercedes Del Carmen

Mrs. Mercedes is a hardworking woman whom her parents always instilled with the farm work. She currently owns two and a half "manzanas" (unit of land measurement) of cultivated pineapple which require good maintenance for a quality production.

She will use this loan to buy the necessary supplies and fertilizers, such as Triple, Urea, Completo 30-15-30, etc. She is grateful to Afodenic and Kiva Microfunds for the support and trustworthiness she has received.
View original language description ↓
La señora Mercedes, mujer trabajadora ya que sus padres le han inculcado desde pequeña el trabajo a la tierra actualmente tiene dos y media manzana de piña cultiva de las cuales requieren de un buen mantenimieto para que puedan producir buena calidad, con este credito que se le ha otorgado comprara los insumos y fertilizantes necesarios como triple, urea, completo 30-15-30, Agradece profundamente el apoyo y confianza que Afodenic le ha brindado en conjunto a Fondos Kiva.

Previous Loan Details

Mercedes continues to grow pineapples, and is requesting this new loan in order to purchase fertilizer and supplies, since after the first rainfall, part of her crops were damaged and are filling with pests. For this reason, she has suffered losses in her plot of land, so she needs to urgently… More from Mercedes Del Carmen'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

  • $3,636
    Average annual income
  • 172
    View loans »
    Nicaragua Loans Fundraising
  • $23,195,750
    Funds lent in using Kiva
  • 25.1
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,450 helped Mercedes Del Carmen to buy farm supplies.
100% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 21, 2013
Listed
Jun 3, 2013
Currency Exchange Loss:
Possible
Ended:
Sep 17, 2014