Señor Santos Demetrio M. H. is an elderly man who lives with his wife in the Los Amadores neighborhood. They have 7 children who are married, live independently and support themselves, as well as their parents, financially. He has been a farmer for more than 30 years. Thanks to his own hard work he acquired his farm, which has been the means of support for his whole family.
The problem of a plague threatens a good harvest of his land, which is why he is requesting a loan. He wants to purchase fertilizers, pesticides and agricultural supplies to fortify his crops and allow for a better harvest that, in the future, will grant a greater volume of sales and help the well being of the family. Above all else, he wants to improve his wealth in order to leave it to his children and grandchildren.
El señor Santos Demetrio M. H., es un hombre de edad avanzada, que con su esposa habitan en el Barrio Los Amadores, ellos tienen 7 hijos, que están casados, y habitan independientemente y sobreviven bajo sus propios ingresos, apoyando económicamente a sus padres, él es agricultor desde hace ya más de 30 años y fue gracias a su esfuerzo propio que adquirió su finca, la cual ha sido el sustento de toda su familia.
Un problema de plagas amenaza con las buenas cosechas de sus tierras, por esta razón solicitan un préstamo para la compra de fertilizantes, pesticidas, e insumos vegetativos que fortifiquen las siembras y permitan una mejor cosecha que a futuro favorezca en el volumen de las ventas y el bienestar de la familia, sobretodo que desea mejrar su patrimonio para heredarsselos a sus hijos y nietos.
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.