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Luis Armando
Sr. Luis Armando R. A., 47, lives with his wife and family in the Medardo A. neighborhood. The couple has 3 children, all grown. The oldest is studying at the university and the others live independently. Sr. Luis has worked at farming since he was 11 years old.

Sr. Luis lives in a modest house that needs improvements to make it better for him and his family. He started his own farm after saving the money to buy land that has allowed him to generate enough income to live. He's now applying for a loan to buy farming supplies that will help to improve his fields. The improvements are necessary because of a recent infestation (or plant disease?) that destroyed part of his pineapple crop and, of course, affected his income. Sr. Luis is a responsible manager and he has funded his wife's small business with earnings from the farm. This investment will help to increase the family's earnings and improve their economic condition.
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El señor Luis Armando R. A., tiene 47 años de edad con su familia y esposa habitan en el barrio Medardo A., tienen 3 hijos que son mayores de edad, el menor de ellos estudia la universidad y los otros viven de manera independiente, se dedica a la agricultura desde hace 11 años.

Habitan en un hogar bastante humilde que necesita de mejoras para el buen vivir de todos, sus días en la agricultura comenzaron a medida que logro ahorrar para la comprad e un terreno que le permitió una fuente necesaria en su vida, ahora solicita un préstamo para la compra materiales agrícolas que le permitan mejores condiciones a sus terreno sobre todo que actualmente con la cosecha de piña ha presentado una afectación de plagas que disminuye la producción y sobretodo afecta su economía, el es un productor bien responsable y su esposa posee un pequeño negocio que le inyecta a este de las ganancias de la agricultura. De modo que esta inversión apoyara de sobremanera a la familia en mejores ingresos y condiciones económicas que le permitan la incursión de nuevas fuentes de ingresos.

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
  • 168
    View loans »
    Nicaragua Loans Fundraising
  • $23,230,825
    Funds lent in using Kiva
  • 21.3
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $250 helped Luis Armando buy supplies for farming business.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
May 31, 2010
Listed
Jul 4, 2010
Currency Exchange Loss:
Covered
Ended:
Apr 15, 2011