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Porfirio Bonifacio
Porfirio Bonifacio Hernández is 57 years old and lives in the neighbourhood of Palestina, located in the municipality of Ticuantepe. He lives with his wife who works as a shopkeeper to help them with home expenses. They have eleven children, four of whom are already independent and seven that they care for, all of whom study. In their free time they help him with agricultural chores. The family's plans are to improve their living conditions, as in the future they would like to extend their house. Mr. Porfirio has worked in agriculture for forty years, as his parents supported him with the land and jobs for his children. He thanks Kiva's partner institution for approving his fourth loan, which he will invest in supplies and fertilisers so he can obtain a good harvest and repay his loan on time.
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El señor Porfirio Bonifacio Hernández, tiene la edad de 57 años , habita en el barrio Palestina , ubicado en el municipio de Ticuantepe , junto a su esposa , la cual trabaja como comerciante para apoyarles con los gastos del hogar , ellos tienen once hijos , cuatro hijos ya independiente y siete a su cargo ; todos estudiantes , en tiempos libres le apoyan con los trabajos agrícolas , los planes hacia su familia es mejorar las condiciones de vida , ya que en un futuro quiere ampliar su vivienda , don Porfirio desde hace 40 años se dedica a la agricultura ya que sus padres le apoyaron con las tierras y trabajaras para sus hijos , agradece a la institución por la buena aprobación de su cuarto crédito , el cual va invertirlo en insumos y fertilizantes para obtener una buena producción y pagar en tiempo y formas su prestamo.

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

  • $3,636
    Average annual income
  • 91
    View loans »
    Nicaragua Loans Fundraising
  • $23,720,200
    Funds lent in using Kiva
  • 20.6
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $975 helped Porfirio Bonifacio purchase fertilisers to apply to his crops.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Oct 12, 2009
Listed
Nov 1, 2009
Currency Exchange Loss:
Covered
Ended:
May 15, 2010