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Jose Benito

Update on Jose Benito

As the first drops of rain fall on Nicaraguan land, the farmers start their traditional cycle of work. Jose, a 68-year-old farmer is no exception. Several years ago, this man started to work in agriculture. He didn't think that he would make it, as he had only ever studied primary education due to financial difficulties when he was young.

He is the father of three adult children who help him work as well as he can. He has a beautiful wife who always supports him, day after day.

A short time ago, Jose asked for a loan from MiCredito-Kiva to cover the costs of sowing a plot of land with corn together with the purchase of labor, fertilizers and fungicides. He is very grateful because he can see the good results.

Now, as the season starts again, he is asking for a new loan for a tobacco harvest. For this he needs to buy fertilizer, a watering machine and to pay for labor costs.

With this loan, he hopes that he will continue to be successful and generate an income which will allow him to make improvements to his home and offer the best quality of life to his family.
View original language description ↓
Al caer las primeras gotas de lluvia en los terrenos nicaragüenses, los agricultores empiezan su ciclo laboral como toda una tradición. Para José, un agricultor 68 años, esta no es la excepción. Desde hace varios años, este hombre trabajador emprendió en el camino de la agricultura, el cual pensó no lograría debido a que solo había estudiado la primaria por problemas económicos. Padre de tres hijos mayores quienes colaboran con él, para hacer de este trabajo el mejor, y esposo de una hermosa mujer, quien siempre lo ha acompañado en su día a día.
Hace poco tiempo, José había solicitado un préstamo en MiCrédito-KIVA, para poder cubrir los costos de producción de una manzana para sembrar maiz, pagando mano de obra, fertilizantes y fungicidas. Agradecido por los buenos resultados, ahora que empieza de nuevo la temporada, necesita de un nuevo préstamo para la cosecha de tabaco, con el cual comprará lo necesario de fertilizante, maquinaria para regar y pagar a su equipo de trabajo. Con esto, espera que los buenos rendimientos sigan, que los ingresos continúen creciendo como su esperanza para seguir trabajando, de manera que pueda hacer mejoras en su casa, su finca y pueda darle lo mejor a su familia.

Previous Loan Details

José, 65, is from Mata Palo located in Pueblo Nuevo, Estelí Municipality. He’s a farmer by profession, an occupation he’s been in for the last 30 years. He started this activity farming corn and tobacco through some friends who together raised capital and started to farm. Together with his f... More from Jose Benito'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.


About Nicaragua

  • $4,800
    Average annual income
  • 53
    View loans »
    Nicaragua Loans Fundraising
  • $26,258,500
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $975 helped Jose Benito to buy fertilizer, watering equipment and labor.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
At end of term
Jun 20, 2014
Jul 10, 2014
Currency Exchange Loss:
Jul 17, 2015