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Leoncio is 58 years old. He lives with his wife and youngest child in the village of Ricardo Palma, San Ignacio.
Leoncio grows organic coffee, which he sells in a local cooperative. In addition, he has another income for farming and selling small livestock.
Leoncio will use the loan to buy organic fertilizers and pay for day laborers to weed the coffee plantation.
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Translated from Spanish by Kiva volunteer Miki Murakami. View original language description.
Leoncio de 58 años vive junto a su esposa y su menor hijo en el caserío Ricardo Palma, San Ignacio. Leoncio se dedica al cultivo de café orgánico, el cual lo comercializa en un Cooperativa local. Además, cuenta con otros ingresos por la crianza y venta de animales menores. Leoncio utilizará el crédito para la compra de abono orgánico y el pago de jornales para el deshierbo de cafetal.
COOPAC Norandino is a rural savings and credit cooperative that supports Fairtrade, certified organic farmers who have limited financial resources and market access. Loans funded on Kiva help COOPAC Norandino to continue growing its organic coffee and cacao portfolio and to fund a new loan product for members to develop rural microenterprises to smooth and diversify producer household income.
Kiva loans are facilitated through 2 models, partner and direct, that enable us to reach the greatest number of people around the world.
For partner loans, borrowers apply to a local Lending Partner, which manages the loan on the ground. Lending Partners are responsible for screening borrowers, disbursing loans, posting borrowers to the Kiva website for funding, collecting repayments and otherwise administering Kiva loans on the ground to borrowers.
For direct loans, borrowers apply through the Kiva website and may or may not be endorsed by a Trustee. Unlike Lending Partners, Trustees don't handle any financial transactions or have any duty to repay loans on behalf of their borrowers. Instead, Trustees take the role of providing support and business advice to their borrowers throughout the term of the loan.
A Lending Partner's average loan size is expressed as a percentage of the country's gross national annual income per capita. Loans that are smaller (that is, as a lower percentage of gross national income per capita) are generally made to more economically disadvantaged populations. However, these same loans are generally more costly for the Lending Partner to originate, disburse and collect.
Kiva loans are facilitated through 2 models, partner and direct, that enable us to reach the greatest number of people around the world.
For partner loans, borrowers apply to a local Lending Partner, which manages the loan on the ground. Lending Partners are responsible for screening borrowers, disbursing loans, posting borrowers to the Kiva website for funding, collecting repayments and otherwise administering Kiva loans on the ground to borrowers.
For direct loans, borrowers apply through the Kiva website and may or may not be endorsed by a Trustee. Unlike Lending Partners, Trustees don't handle any financial transactions or have any duty to repay loans on behalf of their borrowers. Instead, Trustees take the role of providing support and business advice to their borrowers throughout the term of the loan.
A Lending Partner's average loan size is expressed as a percentage of the country's gross national annual income per capita. Loans that are smaller (that is, as a lower percentage of gross national income per capita) are generally made to more economically disadvantaged populations. However, these same loans are generally more costly for the Lending Partner to originate, disburse and collect.
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