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Juan Santiago

Update on Juan Santiago

Juan has worked his entire life. His wife’s his unconditional partner in the good times and the bad. He will use this loan to buy supplies like pineapple crowns, fertilizer, urea, Cypermethrin [insecticide] and Gesapax [herbicide] and to pay labor costs to start growing a 'manzana’ [Central American unit of land measurement] of pineapples.

He hopes to improve his income with this crop because two of his children who help him do the field chores are still dependent on him. The entire family strives every day to improve their living conditions.
View original language description ↓
Don Juan ha trabajado toda su vida, su esposa una comprañera incondiconal en las buenas y malas, con este credito comprara insumos para establecer una manzana de Piña como: Hijos de Piña, Completo, Urea, Gesupax, Cypermetina y mano de obra, con esta cosecha espera obtener mejores ingresos ya que todavia tiene a su cargo dos de sus hijos ellos le ayudan con el trabajo en la tierra y entre toda su familia luchan cada dia para mejorar sus condiciones de vida.

Previous Loan Details

Juan lives in the town of Ticuantepe; he lives there with his wife, a retailer who sells fruits and vegetables to help him paying for their family’s expenses. They have two daughters who are still economically depending on them. In the future he wants to improve the living condition of his house.… More from Juan Santiago'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.

Tags

About Nicaragua

  • $3,636
    Average annual income
  • 166
    View loans »
    Nicaragua Loans Fundraising
  • $23,232,100
    Funds lent in using Kiva
  • 25.0
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,025 helped Juan Santiago to buy agricultural supplies.
100% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 18, 2013
Listed
Sep 24, 2013
Currency Exchange Loss:
Possible
Ended:
Nov 17, 2014