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Armando Ciriaco
Armando Ciriaco is 36 years old. He is married to Lourdes Lopez and they have 3 children. The oldest helps Armando with the care of the farm and livestock and the 2 youngest study at primary school. Armando is seeking his 5th loan with this institution to cultivate 10 mnz of plantains to later sell them at a good price, which permits him to obtain earnings that allow him to bestow better living conditions on his family. Additionally he also breeds livestock, earning more income which allows him to sustain his family. Don Armando is known in his community as an honorable, honest and hard-working man.
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Armando Ciriaco de 36 años de edad es casado con la Sra. Lourdes Lopez, tiene 3 hijos, el mayor que le ayuda con el cuido dela finca y el ganado y los 2 menores estudiando la primaria. Esta solicitando su 5to credito a esta institucion para el cultivo de 10 mnz de platanos para posteriormente comercializarlos a un buen precio que le permita obtener ganancias que le permitan brindarle a su familia mejores concidiciones de vida. Adicionalmente se dedica a la ganaderia obteniendo otros ingresos que le permiten el sustento familiar. En su comonidad don Armando es conocido como un hombre honrado, honesto, y trabajador.

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
  • 176
    View loans »
    Nicaragua Loans Fundraising
  • $23,212,575
    Funds lent in using Kiva
  • 21.6
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,175 helped Armando Ciriaco cultivate plantains.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Feb 23, 2010
Listed
Feb 25, 2010
Currency Exchange Loss:
Covered
Ended:
Mar 15, 2011