Update on Carmen IsabelCarmen is 50 years old and is a small-time coffee producer in a community in the north of Nicaragua. Carmen has been involved in this work with her family all of her life. She has improved her abilities to grow coffee over the years and now works under a Fairtrade certificate.
In recent years, Carmen's coffee plantation has been affected by problems such as disease, which has reduced the yield and the family's income. To mitigate problems, Carmen is managing her investments and is taking out a loan in order to look after her crops and have a good harvest this season.
Coffee growing is Carmen's most important work and her greatest wish is to continue working in this area as she is sure that, financially, it has a lot of potential and that, with it, she will be able to look after her family's well-being.
En los últimos años, su plantación de café ha sido afectada con problemas de antracnosis, lo cual ha disminuido la productividad de su cafetal y con ello los ingresos de su familia. Como medida, ella está gestionando recursos de inversión, y en este caso un crédito para garantizar las actividades de mantenimiento de su cafetal y lograr una buena cosecha en este ciclo.
Esta es la principal actividad económica de Carmen y su mayor deseo es poder continuar trabajando en este rubro ya que está segura tiene un gran potencial económico con el cual puede garantizar el bienestar de su familia.
Previous Loan DetailsCarmen is 50 years old. She is a small producer of coffee in a community in the north of Nicaragua. She has been involved in this activity all her life, along with her family, and it has been improving and now operates under the fair trade certification criteria. In recent years, her coffee… More from Carmen Isabel'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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