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Favio
Favio lives in the Laureles neighborhood with his family that consists of his wife and 4 children. The two oldest are working and contribute to the family income, and the two youngest help with the household chores. Favio farms a small piece of land where he grows basic grains and tubers. Since this is his principal source of income, he needs financing so that he can plant grass on his small piece of land and have better conditions to handle his small herd of cattle. He hopes to receive a loan with KIVA so that he can realize his dream and to be able to live in better conditions.
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Favio es habitante de la colonia los Laureles, su familia esta conformada por su esposa y 4 hijos dos mayores que trabajan y ayudan a fortalecer la ecomomia familiar y dos menores que coloboran en los quehaceres del hogar; Favio labora en su pequeña parcela en actividades agricolas, siembra de cultivos de granos basicos y tuberculos, siendo su principal fuente de ingreso, requiere de este financiamiento para realizar establecimiento de pasto en su pequeña parcela y poder tener condiciones para menejar su pequeño inventario ganadero, espera ser beneficiaddo con KIVA, para hacer realidad su sueño y poder vivir en mejores condiciones.

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
  • 118
    View loans »
    Nicaragua Loans Fundraising
  • $23,724,925
    Funds lent in using Kiva
  • 21.6
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $950 helped Favio to plant grass.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Aug 28, 2010
Listed
Sep 17, 2010
Currency Exchange Loss:
Covered
Ended:
Jun 15, 2011