Update on Luis AlbertoLuis is a small coffee producer from the North of Nicaragua. He works with a Fairtrade certificate, with which he has been able to improve his income in order to support his wife and two children. In his small farm he gives 15 temporary jobs with which he helps the economy of his community. Since he was young he dreamed of being a coffee producer. This is the inheritance that his parents left him and that he wants to leave his children. He hopes to build a good based farm in his farm, so his descendants may have better opportunities to face financial difficulties. In order to increase the harvest of his coffee plants and their nutrition, Luis is facing a new challenge; it is that he does not have the needed capital to buy inputs, which would give the most of his small farm. Therefore, he is requesting financing in order to buy these inputs.
Desde joven soñó con ser cafetalero, es la herencia que sus padres le dejaron, y es la que desea dejar a sus hijos. Espera construir una buena base de finca en su finca, para que sus descendencias tengan mejores oportunidades para enfrentar sus dificultades económicas.
Para el aumento su la cosecha en sus cafetos, y la nutrición de los mismos, Luis se encuentra con un nuevo reto; y es que no cuenta con el capital necesario para la compra de insumos que potencializarán su pequeña finca, por lo que está solicitando una financiamiento para la compra de los mismos.
Previous Loan DetailsLuis lives in a rural area in the north of Nicaragua. Being far from any urban area, access is difficult. Luis makes a living producing coffee. Luis is an entrepreneur who believes that adversities are just part of a process of prospering and making his little business better. Working with a F... More from Luis Alberto'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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