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Frederman Daniel

Update on Frederman Daniel

Frederman is originally from Granada and provides transportation services by car. He got his first Kiva loan which he used to buy accessories for his car, painted it, bought new tires, and gave it a better appearance. Now he wants to buy another car so he can grow his business and participate in tourist fairs to provide his services in Granada, a city visited by many tourists. He will use this loan to buy a body and tires. This will allow him to build his second car little by little so he can work.
View original language description ↓
Frederman, originario de Granada se dedica a ofrecer el servicio de transporte de coche fue beneficiado con su primer crédito Kiva el cual utilizo para comprar accesorios para su coche, logro pintarlo, ponerle llantas y darle una mejor apariencia a su carruaje. Ahora desea adquirir otro coche para ir ampliando su negocio pues desea participar en ferias turísticas para promover sus servicios de cochero en Granada ciudad visitada por muchos turistas. Este crédito lo usara específicamente para comprar un caballo y llantas. Esto le permitirá ir armando poco a poco su segundo coche para trabajar.

Previous Loan Details

Fredman is a young man from Granada. He’s single and completed elementary school. He’s been providing horse-drawn carriage rides for ten years in the department of Granada. He used to work as a day laborer and started saving from that job in order to buy a horse. Then, with support from fin... More from Frederman Daniel'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
  • 77
    View loans »
    Nicaragua Loans Fundraising
  • $25,399,500
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $600 helped Frederman Daniel to buy a body and tires.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
May 2, 2013
May 27, 2013
Currency Exchange Loss:
Oct 22, 2013
This photo was used before for a previous loan for Frederman Daniel. It was first posted on Kiva on Apr, 2012. Learn More