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Paulino
42-year old Señor Paulino L. P. is married; his wife is a teacher and contributes to household finances. He has three teenage children, and the two older ones are students. The family lives in the neighbourhood of Piedra Quemada in the town of Ticuantepe. The majority of the people who live there are poor, work in agriculture, and have large families so they lack the money to improve their financial situation. Everything they earn is spent on basic necessities.

Paulino and his family grow yucca and have 31 years of experience in this line of work. He is asking for a loan to buy manure and fertilizer to improve the health of his yucca crop. Such an investment would help increase production and lead to more sales and greater income. This money would give Paulino the capital necessary for business, personal, and family projects.
View original language description ↓
El señor Paulino L. P., tienen la edad de 42 años, es casado y su esposa labora como docente aportando con sus ingresos a la economía domestica, tiene 3 hijos adolecentes, un menor, y los otros dos mayorcitos que actualmente estudian, la familia habita en el Barrio Piedra Quemada de la ciudad de Ticuantepe, el tipo de habitantes que ahí moran, son de recursos escasos, que en su mayoría se dedican a la agricultura y de familias grandes, que no les permiten mejorar su economía por la necesidad de suplir las necesidades básicas de consumo.

Ellos cultivan yuca y tiene 31 años de experiencia en este rubro, solicita un préstamo para la adquisición de abono y fertilizantes y mejorara el mantenimiento agronómico y fitosanitario a los sembrados de yuca, con esta inversión mejoraran la producción de yuca y así los volúmenes de venta, que aporten a la economía que ha futuro les brindara el capital necesario para proyectos del negocio, personales o familiares.

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

  • $4,800
    Average annual income
  • 129
    View loans »
    Nicaragua Loans Fundraising
  • $24,581,200
    Funds lent in using Kiva
  • 21.3
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $725 helped Paulino to buy manure and fertilizer for his yucca fields.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Apr 30, 2010
Listed
Jun 3, 2010
Currency Exchange Loss:
Covered
Ended:
Jun 15, 2011