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Pedro Pablo

Update on Pedro Pablo

Pedro O. lives in the municipality of Masaya with his family. His dream is to be able to improve their living conditions. He has earned his living cultivating cassava for many years.

Pedro currently needs capital to establish two “manzanas” [a unit of measurement equal to 1.72 acres] of cassava. He already has the land cleared and prepared; with this loan, he will buy the necessary supplies and fertilzers. In addition, he will buy the cassava cuttings to plant.

He is grateful for the support that Afodenic and Kiva have provided him all these years.
View original language description ↓
El señor Pedro O., habita en el municipio de Masaya con sus familia, el sueña con poder mejorar sus condiciones de vida, desde hace muchos años atras el se dedica al cultivo de Yuca, actualmente requiere de capital para estableser dos manzanas de yuca, el terreno ya lo tiene limpio y preparado, c on este credito compra los insumos y fertilizantes necesario, ademas comprara la madera de yuca para sembrarla, Agredece el apoyo que Afodenic y Fondos Kiva le han brindado todos estos años.

Previous Loan Details

Pedro is a small farmer in the Masaya region where, for the last 20 years, he has cultivated maniac. The greatest difficulties he faces are the plagues and diseases that affect his crops. His future plan is to be able to expand production and buy a yoke of oxen for plowing the fields. Pedro has… More from Pedro Pablo'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
  • 165
    View loans »
    Nicaragua Loans Fundraising
  • $23,195,750
    Funds lent in using Kiva
  • 24.6
    Nicaragua Cordobas (NIO) = $1 USD
Expired
A loan of $1,025 helped Pedro Pablo to maintain his crops.
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 12, 2013
Listed
Jul 1, 2013
Currency Exchange Loss:
Possible
Expired:
Jul 31, 2013