Check out some available loans that are similar to this one!
Mario Antonio

Update on Mario Antonio

Mario is currently farming twelve acres of pineapple plants that are almost ready. He needs to tend to them in order to prevent pest infestation and make them stronger. He will use this loan to buy the following products: 40 q. of Completo 12/301/10, 20 q. of urea, 40 l. of Diuron in 20 l. containers, and 10 kg. of Triple. Mario explains that you have to clean and strengthen pineapple plants with fertilizers every season in order for them to produce high quality fruit.

He is grateful for the support he is receiving from Kiva and Afodenic through this loan.
View original language description ↓
El señor Mario tiene actualmente tiene cosechado 7 manzanas de Piña que están aproximas a salir por que requieren de Mantenimiento ya que así se evitara la propagación de Plagas, ademas que fortalece la cosecha, con este crédito comprara: 40 qq de Completo 12/301/10, 20 qq de Urea, 40 lts de Diuron (pichinga de 20 lts, 10 kg de Triple. don Mario nos explica que cada ciclo de la Piña hay que darle limpieza y fortalecerla con fertilizantes para que la Piña sea de calidad, Agradece el apoyo que Kiva y Afodenic le están brindando con este financiamiento.

Previous Loan Details

Mario Antonio M.A., lives in the community of San Juan de la Concepcion with his wife and children. She is a merchant who has sold fruit and vegetables for many years and he is a farmer who grows pineapples and pitahaya. His children are still small and go to school. With this new loan he will bu... More from Mario Antonio's previous loan »

Additional Information

About AFODENIC

This loan is administered by AFODENIC, La Asociación para el Fomento al Desarrollo Nicaragua, a Kiva Field Partner based in Managua, Nicaragua. Founded in 1999, AFODENIC was created to promote the socio-economic and cultural development of sectors that are excluded from commercial banking. Integrating economic and human resources, AFODENIC offers affordable and adaptable financial services aimed at strengthening the family unit of their clients, who include students, producers, and micro- and small entrepreneurs from rural and urban areas. AFODENIC is a socially responsible institution engaged in society and making a positive impact on its professional partners and communities.

Supporting a borrower through AFODENIC contributes to the pursuit of innovation in mitigating poverty in Nicaragua. Visit AFODENIC’s partner page for more information.

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.

Tags

About Nicaragua

  • $3,636
    Average annual income
  • 112
    View loans »
    Nicaragua Loans Fundraising
  • $23,737,400
    Funds lent in using Kiva
  • 26.0
    Nicaragua Cordobas (NIO) = $1 USD
Paying Back

This loan has been fully funded!

A loan of $1,500 helped Mario Antonio to tend to his pineapple crops.
39% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 4, 2014
Listed
Aug 6, 2014
Currency Exchange Loss:
Possible
This photo was used before for a previous loan for Mario Antonio. It was first posted on Kiva on Apr, 2013. Learn More