Update on GilbertoGilberto is 29 years old, married and the father of a 9 year old son who studies in the local school where they live in the North of Nicaragua. For the past ten years he has been rising cattle and growing coffee. His farm is 35 hectares, 8 of which are used for growing coffee. He grows coffee under Fair Trade Certification criteria. Last year his production was 280 quintals of parchment coffee.
His dream is to increase the area and productive volume of his coffee plantation to increase his income and guarantee the financial stability of his family. As part of this process Gilberto is requesting a loan which would allow him to secures this cycle buying fertilizer and manure which contribute to the nutrition of the plants and provide a higher production. This small entrepreneur is sure that his coffee plantation is a profitable undertaking that will allow him to have more income for his family.
Su visión es incrementar el área y volumen productivo de su cafetal, para incrementar sus ingresos y garantizar la estabilidad económica de su familia. Como parte de ese proceso, Gilberto está solicitando un crédito que le permita asegurar en este ciclo, la compra de fertilizantes y abonos que contribuyan a la nutrición de las plantas y lograr así una mayor productividad.
Este pequeño emprendedor está seguro que la caficultura es un rubro rentable, que le permitirá tener mayores ingresos para su familia.
Previous Loan DetailsGilberto is a young man who is 28 years of age. He lives in a rural community in Nicaragua where he has a small farm. His main business activity is growing coffee. He and his wife have a seven-year-old son who is in primary school. Gilberto has been able to improve his farm and diversify into... More from Gilberto's previous loan »
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 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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