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Miguel Angel
Miguel Angel is a young man from northern Nicaragua who has been involved in the cultivation of coffee since he was a small child. He is married and has two children, aged 10 and 12, who study at the local school. For more than five years he has had a 4.2 hectare farm, including 2.8 hectares of coffee. Over the last three harvests he has produced an average of 135 quintals (hundredweight) of parchment coffee.

For this young entrepreneur, coffee is his main activity, and he believes it is a profitable source of income if looked after properly. He is therefore seeking a loan which will allow him to apply the inputs and labour needed on his plantation in a timely and effective fashion. With the employment of these resources in his farming activities, Miguel Angel is sure that he will improve the quality and productivity of his land, in particular of his coffee plantation.

His plans for the future are to continue investing in establishing new areas of coffee, in order to realise his dream of producing 600 quintals of parchment coffee per cycle, and so improve his family's standard of living.
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Miguel Angel es un joven de la zona norte de Nicaragua que desde pequeño ha estado relacionado con el cultivo de café. Está casado y tiene dos hijos de 10 y 12 años los cuales estudian en la escuela de la comunidad donde viven. Desde hace más de 5 años cuenta con una finca de 4.2 hectáreas; de éstas 2.8 son de café, y en los últimos 3 ciclos le han producido un promedio de 135 quintales de café pergamino.

Para este joven emprendedor, el café es su principal actividad económica, y considera que es un rubro rentable si se atiende correctamente. Por lo tanto, está solicitando un crédito que le permita implementar en tiempo y forma los insumos y la mano de obra necesaria para el manejo de su plantación. Con la ejecución de estos recursos en las actividades planteadas, Miguel Angel está seguro mejorará la calidad y productividad de su finca, en particular de su cafetal.

Sus planes son seguir invirtiendo en el establecimiento de nuevas áreas de café, para alcanzar su sueño de llegar a producir unos 600 quintales de café pergamino por ciclo, para mejorar las condiciones de su familia.

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.

Tags

About Nicaragua

  • $3,636
    Average annual income
  • 120
    View loans »
    Nicaragua Loans Fundraising
  • $24,042,000
    Funds lent in using Kiva
  • 26.2
    Nicaragua Cordobas (NIO) = $1 USD
Expired
A loan of $1,550 helped Miguel Angel to apply the inputs and labour needed on his coffee plantation.
Repayment Term
14 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Apr 1, 2014
Listed
Apr 21, 2014
Currency Exchange Loss:
Possible
Expired:
May 21, 2014