Update on Gabriel ClimacoGabriel Clímaco is a producer who worked as an electrical technician and then decided to grow coffee when he retired. He has worked at this business activity for the past 10 years and it has allowed him to support his wife and six children. Don Gabriel is an entrepreneur who reinvests part of his profits into his farm. As a result, he has been able to achieve an increase in the output from his harvests.
He is currently requesting a loan in order to replenish 1.4 hectares of coffee with plants of productive age so that he can improve the productivity of his farm. To complement this investment, he will also take additional steps to maintain his coffee farm as part of a comprehensive management plan.
Replanting is an activity that this small producer has decided to undertake in a gradual manner. In the end, he will have young productive plants that will ensure good yields and bring about more income so that he can provide better conditions for his family.
Actualmente solicita un financiamiento para la renovación de 1.4 Ha. de café, a fin de mejorar la productividad de su plantación, al tener plantas en edad productiva. Complementario a esta inversión, él también está haciendo otras gestiones para el mantenimiento de su cafetal, todo esto como parte del plan de manejo integral de su finca.
La renovación de las plantaciones es una actividad que este pequeño productor se ha propuesto realizar de manera paulatina, a fin de contar con plantaciones jóvenes de edad productiva, que le aseguren buenos rendimientos y con ellos mayores ingresos para brindarle mejores condiciones a su familia.
Previous Loan DetailsGabriel Clímaco is 58 years old, married, and the father of six children. He has experience as an industrial technician, but he is now retired from that profession. Gabriel later decided to devote his time to coffee farming since he recognized the high earnings potential from this line of work.… More from Gabriel Climaco's previous loan »
More information about this loan
This loan is part of PAC's program to help farmers swap out old unproductive coffee plants for new ones. New plants generally take three to five years to produce coffee at capacity, temporarily reducing crop yield. Given the length of this renewal process, loans are designed so that farmers can repay over five years with a one-year grace period. 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 PACPAC (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.
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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