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Miguel Ángel
Miguel Ángel A. B., 43, is married and his wife is a fruit merchant in the central market. They have been farmers for the past 28 years; they grow pineapple, coffee and banana. They have three children; the oldest helps Mr. A. with the farming chores and the two youngest are in elementary school.

Their farmlands have suffered erosion due to excess water run-off. They began their farm work thanks to the Agrarian Reform laws of the 1980s.

They are asking for funding now to do some soil maintenance work. They will buy various kinds of fertilizers and manure to gradually improve the eroded fields so that they can diversify crops in the future in order to provide improved economic benefits for the entire family.
View original language description ↓
El señor Miguel Ángel A. B., tiene la edad de 43 años, es casado y su esposa vende frutas y verduras en el mercado central, ellos son una familia de 3 hijos, el mayor les apoya en los trabajos del campo al señor A., y los otros menores estudian la escuela primaria. Ellos son agricultores desde hace 28 años, dentro de los frutos que cosechan esta la piña, café y plátano.

Se ha ocasionado una erosión del terreno en su finca, gracias al exceso de escorrentías, ellos comenzaron sus actividades laboriosas, gracias al apoyo de la reforma agraria de los años 80's, es ahora que ellos solicitan, un préstamo para darle mantenimiento a sus terrenos, con el crédito compraría abono foliares y edáficos, esto con el objetivo de mejorar paulatinamente la erosión del terreno. Permitiéndole la diversificación a futuro de otras cosechas, que aportará mejores condiciones económicas que favorezcan a la familia entera.

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
  • 113
    View loans »
    Nicaragua Loans Fundraising
  • $23,737,400
    Funds lent in using Kiva
  • 21.0
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $775 helped Miguel Ángel to buy fertilizer and manure.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Mar 12, 2010
Listed
Mar 23, 2010
Currency Exchange Loss:
Covered
Ended:
Apr 15, 2011