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Pedro Ismael

Update on Pedro Ismael

Pedro is a humble and hardworking man. He has spent his whole life working the land growing pineapples.

Currently he is cultivating a plot of land and needs supplies to give it optimal care. He will use this loan to buy urea, and fertilizers such as Triple, Completo, etc.

He is thankful for the support from Afodenic and Kiva funds as his financial situation has improved along with his living conditions.
View original language description ↓
El señor Pedro, hombre humilde y trabajador, toda su vida se ha dedicado a trabajar la tierra, cultivando Piña actualmente tiene una manzana de cosecha y requiere de Insumo para darle un optimo mantenimiento, con este credito que se le ha otorgado comprara: Urea, Triple, Completo, Fertilizantes, etc. Agradece el apoyo que Afodenic en conjunto a Fondos Kiva le han brindado ya que su economia a mejorado y sus condiciones de vida son distintas.

Previous Loan Details

Pedro is married and lives in the municipality of Ticuantepe. He makes a living as a farmer, and tends about 2 1/2 acres of land that he has planted with pineapple plants. He hopes to produce a healthy, high quality crop which he plans to sell for a good price. Thanks to Afodenic, Pedro plans ... More from Pedro Ismael'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
  • 141
    View loans »
    Nicaragua Loans Fundraising
  • $24,099,050
    Funds lent in using Kiva
  • 24.7
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $425 helped Pedro Ismael to buy agricultural supplies.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 31, 2013
Listed
Jun 9, 2013
Currency Exchange Loss:
Possible
Ended:
Mar 17, 2014