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Ricardo

Update on Ricardo

Ricardo is originally from the city of León. He is 60 years old, married, and has two adult children who support him with his mills business.

His previous loan was used for the maintenance of the mills. The loan that is being requested is for planting corn and maintaining his mills.

This investment will allow him to get better crop, and thus, sell a larger quantity of production. It is based on the grain you get from typical Nicaraguan drinks, such as pozol and pinolillo [cornmeal and cacao drinks] and also tortillas that are very popular within the population. His goal is to distribute his crop at different sales points in the city, as well as his mills. He is very appreciative of Kiva and MiCredito for the help they have given, since he has been able to succeed and grow economically.
View original language description ↓
Don Ricardo es originario de la ciudad de león, tiene 60 años de edad, está casado y tiene dos hijos mayores de edad quienes lo apoyan con el negocio de molinos. El crédito anterior lo utilizo para el mantenimiento de sus molinos, este crédito lo está solicitando para sembrar maíz y darle mantenimiento a sus molinos. Esta inversión le permitirá obtener un mejor cultivo y de esta manera vender en mayor cantidad su producción, pues es en base a este grano que se obtiene bebidas típicas tales como pozol, pinolillo, tiste al igual también las tortillas que es muy popular entre la población.
Su meta es distribuir su cosecha en diferentes puntos de ventas de la ciudad al igual que sus molinos. Está muy agradecido con Kiva y MiCredito por la ayuda que le han brindado, ya que ha podido salir adelante y crecer económicamente.

Previous Loan Details

Ricardo, 58, lives in Larreynaga, Malpaisillo in León Township. He’s married and the father of two children. He has a Bachelor’s degree in Biology but is currently a merchant. He worked as a professor at León University where he taught Biology for 18 years but he stopped teaching and used hi... More from Ricardo'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

  • $3,636
    Average annual income
  • 127
    View loans »
    Nicaragua Loans Fundraising
  • $24,051,825
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,250 helped Ricardo to plant corn.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 27, 2013
Listed
Jul 25, 2013
Currency Exchange Loss:
N/A
Ended:
May 18, 2014