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Miguel Etanislado
Miguel Álvarez Velásquez, 54, lives in the San Ignacio neighborhood in the Ticuantepe community. He lives with his wife who works as a shopkeeper and helps with the household expenses. They have three children who are now married, and they help them a little with expenses. The family plans are to improve living conditions and to give their children a place to build.

For thirty years he has been a farmer. The biggest difficulty he encounters is the lack of financing. He started his business with support from his parents. Miguel’s dream is to be able to improve the condition of his land.

With the loan he will buy fertilizers and supplies to apply to his crops in order to be able to have a better production.
View original language description ↓
El señor Miguel Álvarez Velásquez , tiene la edad de 54 años , habita en el barrio San Ignacio en la comunidad de Ticuantepe , junto a su esposa , la cual trabaja como comerciante y le apoya con los gastos del hogar , ellos tiene tres hijos , ya casados y le apoyan un poco con los gastos del los planes hacia su familia es mejorar las condiciones de vida y darle donde poder construir a sus hijos , el desde hace treinta años se dedica a la agricultura , la mayor dificultad que se le presenta es la falta de financiamiento , el inicio esta actividad con el apoyo de sus padres , los sueños de don Miguel es poder mejor las condiciones de sus tierras . Con el financiamiento va a comprar fertilizantes e insumos para aplicar al cultivo y poder obtener una buena producción.

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.

About Nicaragua

  • $4,800
    Average annual income
  • 110
    View loans »
    Nicaragua Loans Fundraising
  • $24,828,400
    Funds lent in using Kiva
  • 19.1
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $425 helped Miguel Etanislado to buy supplies and fertilizers to apply to his crops.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
May 7, 2009
Listed
May 28, 2009
Currency Exchange Loss:
Covered
Ended:
Jun 15, 2010