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Mario Jose
Mario José C. V. is a 27-year-old young man who lives in the La Borgoña neighborhood in the municipality of Ticuantepe with his wife and 3-year-old son. His wife is employed and contributes to the household expenses. His plan for his family is to improve their living conditions and provide a good education for his son. He has been a farmer for the past 9 years since his father left him the farm to work himself. The greatest obstacle he must overcome is the lack of drinking water which is unavailable and must be purchased. He is grateful to Afodenic for approving his second loan since the first one allowed him to have a good crop yield and he repaid his loan in a timely fashion. He is also very happy that the interest rate is so low because that allows him to have a little money left over which he can invest in his home. This loan will be used to buy fertilizers and raw materials to improve his production so that he can sell at better prices.
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El joven Mario José C. V., tiene la edad de 27 años, habita en el barrio La Borgoña, Ubicado en el municipio de Ticuantepe, junto a su esposa, la cual trabaja y le apoya con los gastos del hogar, ellos tiene un hijos a su cargo de tres años, los planes hacia su familia es mejorar las condiciones de vida y darle una buena educación, desde hace nueve años se dedica a la agricultura , ya que su papá le heredo , para que la trabaje y pueda trabajar por si solo , la mayor dificultad que se le presenta es el agua potable que no llega y tiene que estar comprando agua , agradece a Afodenic por la buena aprobación de su segundo préstamo , ya que con el primero logro sacar una buena producción y pago en tiempo y forma su crédito , además esta muy contento por los intereses bajos ya que le queda capital para poderlo invertir en su vivienda. Con este préstamo comparara fertilizantes y insumos para mejorar la producción y poder vender a mejor precio.

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
  • 145
    View loans »
    Nicaragua Loans Fundraising
  • $24,094,725
    Funds lent in using Kiva
  • 20.7
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $200 helped Mario Jose to buy fertilizers and insecticides.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Oct 12, 2009
Listed
Nov 1, 2009
Currency Exchange Loss:
Covered
Ended:
Apr 15, 2010