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Simón
Simón lives with his wife and 8 children whose ages range between 2 and 19 years. He works in agriculture on his small farm where he grows coffee and bananas. One of his goals is that his children become educated and that they learn how to read and write. Coffee is the main crop that allows him to earn family income which is why he’s decided to request this loan to buy fertilizer and other supplies that will guarantee coffee crop maintenance this year to produce good crop yields in the next harvest in order to increase his income.
View original language description ↓
Simón vive con su esposa y sus 8 hijos, que tienen edades entre 2 y 19 años. Se dedica a la agricultura en su pequeña finca, donde cultiva café y banano. Uno de sus objetivos es que sus hijos se eduquen y aprendan a leer y escribir. El café es el principal rubro que le permite obtener ingresos para su familia, por lo que ha decidido solicitar este crédito para comprar fertilizantes y otros insumos que le garanticen el mantenimiento de su cafetal en este año y contar con buenos rendimientos durante la próxima cosecha, para aumentar sus ingresos.

Additional Information

More information about this loan

This loan is part of PAC's effort to help farmers expand their existing crop yields and increase their incomes. Coffee production loans help farmers increase their crop yields by enabling them pay to clean, prune, fertilize, and conserve their fields, deliver water, and replant trees needed to shade coffee plants. Farmers working with PAC also receive technical assistance and commercial services, as well as access to Fair Trade and organic certifications and international markets.

About PAC

PAC (Association for People in Community Action) is a community development organization in Nicaragua that offers clients loans, technical assistance and access to markets. Founded in 1996, it’s a joint initiative between World Relief Nicaragua and local farmers. PAC believes that increased agricultural production and improved technology can bring economic development to high poverty zones.

Some loans from PAC are disbursed in partial payments over a period of four to six months depending on the needs of the borrower. The borrower will not be charged interest on any funds that have not yet been disbursed. If the borrower decides not to use the entire loan amount, the unused portion will be returned to lenders in the form of a pre-payment.

About Nicaragua

  • $3,636
    Average annual income
  • 66
    View loans »
    Nicaragua Loans Fundraising
  • $23,659,150
    Funds lent in using Kiva
  • 24.7
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $825 helped Simón to buy fertilizer and other supplies for his coffee crop.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
May 27, 2013
Listed
Jun 24, 2013
Currency Exchange Loss:
Covered
Ended:
Mar 17, 2014