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Richard Alex

Update on Richard Alex

Upon setting foot on Richard’s small farm, you notice how well he cares for his home and his most precious animals, his cows. He is appreciative of the Kiva funding through MiCrédito as, thanks to this, he has managed to keep his cattle in good shape. This allowed him to get food for his household and also be a means of income, all by selling animals. Richard is a generous and hardworking man with over six years of work experience in caring for cattle and building roads. He is 39 years old, and together he and his wife take care of the welfare of their two children.

With intentions of continuing to prosper, and keeping his cattle in good health, Richard is requesting a second loan to purchase livestock feed, fodder, molasses, and other items. He hopes that “el niño” doesn’t affect his livestock trade since he hopes to increase capital production so that he can continue to prosper and, in this way, improve his living conditions. One of his plans for the future is to increase his number of cattle and his land at the same time. He will work until he achieves his goals.
View original language description ↓
Al poner un pie en la pequeña finca de don Richard te das cuenta del buen cuido de su hogar y de sus animales más preciados, sus vacas. Él se muestra agradecido por el de financiamiento de Kiva a través de MiCrédito, ya que gracias a este logró mantener su ganado en forma. Lo que le permitió obtener alimento para el hogar y al mismo tiempo ser un medio de ingresos económicos, todo esto mediante la venta de los animales. Es un señor generoso y trabajador, con más de seis años de trabajar en el cuido del ganado y en construcción de carreteras, tiene 39 años de edad, junto a su esposa, velan por el bienestar de sus dos hijos.
Con ánimos de seguir prosperando y que su ganado siga en buen estado de salud, don Richard solicita un segundo crédito para la compra de alimento de ganado, requiere de pasto, melazas, entre otros. Anhela que el fenómeno del niño no afecte con el comercio de su ganado, puesto que espera incrementar la producción de su capital de manera que pueda seguir prosperando y así mejorar las condiciones de vida. Uno de sus planes futuros es elevar el número de ganado y al mismo tiempo de sus tierras, trabajará hasta lograrlo.

Previous Loan Details

Don Richard is originally from the city of Boaco, married and father of two children. He is 39 years old. He works in farming, raising dairy cows and in the operation of machinery. He started his business several years ago with the purchase of dairy cows with his own money. His next goal is… More from Richard Alex's previous loan »

Additional 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.

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About Nicaragua

  • $3,636
    Average annual income
  • 176
    View loans »
    Nicaragua Loans Fundraising
  • $23,211,000
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
Paying Back

This loan has been fully funded!

A loan of $1,025 helped Richard Alex to purchase livestock feed, fodder, molasses, and other items.
33% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 26, 2014
Listed
Aug 14, 2014
Currency Exchange Loss:
N/A