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Faustino
Faustino, 45 years old, lives in Comarca de Puerto Diaz with his family, composed of his wife, Maria Mora Salablanca, and their 2 children, a 12 year-old and a 15 year-old. He began fishing over 25 years ago, when he inherited the profession from his parents, whom taught him the trade when he was very young.

He is applying for his third loan with the objective of purchasing fishing nets because his current ones are deteriorating. He relies on the support of his family, who take what he has caught to the city to be sold. This income is what supports his family.

His ultimate dream is to improve his family's quality of life and to grow his business.
View original language description ↓
Faustino de 45 años de edad habita junto a su familia en la Comarca de Puerto Diaz junto a su familia compuesta por su esposa Maria Mora Salablanca y sus 2 hijos de 12 y 15 años de edad. Desde ha 25 años se dedica a la pesca artesana, pues es la herencia que sus padres le enseñaron desde muy joven.

Esta solicitando su 3er credito con el objetivo de comprar redes para pesca, pues actualmente tiene deterioradas las que usa para su trabajo. Cuenta con el apoyo de su familia, pues una vez que Faustino lleva el pescado salen a venderlo a la ciudad y de esta manera obtienen ingresos que le permiten el sustento familiar.

Su mayor sueño es mejorar la calidad de vida de su familia, y crecer mas en su negocio.

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
  • 145
    View loans »
    Nicaragua Loans Fundraising
  • $24,094,725
    Funds lent in using Kiva
  • 21.6
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $575 helped Faustino purchase fishing nets.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 26, 2010
Listed
Oct 1, 2010
Currency Exchange Loss:
Covered
Ended:
Oct 15, 2011