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Norberto
Mr. Norberto S. is 47 years old and lives in Borgona in the municipality of Ticuantepe. He lives with his wife who sells food on weekends to help him with the costs of paying for water, electricity and the food they need. They have three children, two of whom are already married and a young man of 18 who is currently studying in high school. Mr. Noberto's plan for his family is to buy land for each of his children.

Mr. Norberto has been working for 25 years as a farmer, and by his own efforts, he strives to buy land and work on it. He thanks the institution for the proper approval of his second loan and the technical assistance, which helped him to improve production. He promises to repay the loan in a timely manner. He also has a van, which he purchased to deliver his fruits such as pineapple at the central market. With this loan, he plans to buy fertilizer in order to improve production of his pineapples and sell them at a good price.
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El señor Norberto S., tiene la edad e 47 años, habita en la Borgoña ubicado en el municipio de Ticuantepe, junto a su esposa la cual vende comida los fines de semana para apoyarlo con los gastos del pago de agua, luz, y los alimentos que hagan falta, ellos tiene tres hijos dos de ellos ya son casado y un joven de 18 años que actualmente estudia su secundaria, los planes hacia su familia es lograr comprar un terreno para heredarle a cada uno de ellos. Don Norberto desde hace 25 años trabaja como agricultor ya que con sus propios esfuerzos logro comprar un terreno y trabajar por si solo, agradece a la institución por la buena aprobación de su segundo crédito y por la asistencia técnica, lo cual le ayudo a tener una mejor producción y pagar el préstamo en tiempo y forma. Tiene una comioneta que compro para poder trasladar sus frutos al centro del mayoreo que es donde entrega la piña, un mercado central.Con este préstamo comprara fertilizantes para mejorar la producción de piña y poder vender a buen 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
  • 104
    View loans »
    Nicaragua Loans Fundraising
  • $23,723,925
    Funds lent in using Kiva
  • 20.7
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $600 helped Norberto to buy fertilizers for his pineapples in order to have a better harvest.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Oct 31, 2009
Listed
Nov 5, 2009
Currency Exchange Loss:
Covered
Ended:
Dec 15, 2010