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Santiago Felipe

Update on Santiago Felipe

Santiago is 37 years old. He is married with two children. For the last eight years he has worked raising, fattening and selling chickens. He has three salaried workers, and to be in the institution you have to be a client for four consecutive years.

He had problems with losses of a considerable sum in the production of chickens with epidemics. He has an advantage in that he is an farmer with land sown with basic grains, which helped him cancel the debt with the institution.

Currently he is asking for this loan to invest in chicks which he can raise, medicine for any pests and animal feed in bulk, like purina.
View original language description ↓
Santiago es un hombre de 37 años de edad, casado, tiene dos hijos, su negocio es la crianza, engorde y venta de pollo, actividad que tiene desde hace 8 años, tiene tres trabajadores asalariado, y de ser cliente de la institución tiene cuatro años consecutivos, tuvo problemas de perdidas por una suma considerable en la producción de pollo con epidemias, la ventaja que el tiene es que es agricultor y con la siembra de granos básicos le ayudo a cancelar su deuda con la institución, actualmente solicita crédito para inversión de pollitos pequeños de engordes, medicamentos por cualquier pestes, alimentos para animal por quintal como es la purina.

Previous Loan Details

Santiago is a successful micro-entrepreneur who is 36 years old, married, and has two young children. He has been raising and selling chickens for the past eight years. His loans have been used to build coops to help with producing chickens that are of good quality. This loan will be investe... More from Santiago Felipe's previous loan »

Additional Information

About ADIM

Located in Central America, ADIM is a small microfinance institution with a strong social focus. In the saturated microfinance market of Nicaragua, ADIM stands out for its emphasis on the holistic development of women as well as its provision of responsible financial services. Founded in 1989 by a small group of Nicaraguan women, this institution has remained true to its initial goal of providing its clients (90% of which are women) with an opportunity for economic growth, in addition to personal and professional empowerment. Supporting an ADIM borrower means contributing not only to the continued offering of the socially conscious services it provides, but also to the sustainable growth of a truly unique microfinance institution.

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
  • 102
    View loans »
    Nicaragua Loans Fundraising
  • $24,739,175
    Funds lent in using Kiva
  • 25.1
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,400 helped Santiago Felipe to buy chicks to raise, medicine, purina etc.
100% repaid
Repayment Term
4 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
May 15, 2013
Listed
Jun 11, 2013
Currency Exchange Loss:
Covered
Ended:
Sep 27, 2013