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Abelardo

Update on Abelardo

Abelardo, 53, is father of four children and a merchant by profession working making and selling tortillas. He’s succeeded in getting ahead with much effort. He’s very grateful to Kiva and MiCrédito because his business prospered and he’s been able to meet customer demand.

He’s asking for a loan once again to buy corn at wholesale, lime powder and bags, among others, aiming at providing better quality tortillas for his clientele. He feels that the loan will be beneficial for it will increase sales and he’ll earn a higher income level thus reaching his dream of supporting his children and offering them better quality of life.
View original language description ↓
Don Abelardo tiene 53 años de edad, padre de 4 hijos. De oficio comerciante, dedicado a la elaboración y venta de tortillas, el cual con mucho esfuerzo ha logrado salir adelante. Esta agradecido con Kiva y Micrédito ya que su negocio es próspero y ha podido suplir con la demanda de sus clientes. Solicita nuevamente un crédito para comprar: Maíz al por mayor, cal, bolsas entre otros, con el fin de brindarle una mejor calidad de tortillas a su clientela. Estima que el crédito le será beneficioso ya que aumentara sus ventas y obtendrá un nivel alto de ingresos. Cumpliendo así, su sueño de apoyar a sus hijos y ofrecerles una mejorar calidad de vida.

Previous Loan Details

53-year-old Abelardo is a small businessman from Mal Paisillo, on the outskirts of León. He is married and the father of four children. Abelardo's business is making and selling tortillas. He has owned his own tortilla business for more than 4 years now. Owing to his family's poor financial s... More from Abelardo'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.

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About Nicaragua

  • $4,800
    Average annual income
  • 90
    View loans »
    Nicaragua Loans Fundraising
  • $24,770,775
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $625 helped Abelardo to buy corn at wholesale and to buy lime powder and bags among others.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 11, 2013
Listed
Nov 1, 2013
Currency Exchange Loss:
N/A
Ended:
Feb 17, 2015