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Migdonio Reineres
Migdonio is 48 years old. He lives with his wife, Minerva Tinoco, and their children. They live in the area of Santa Rosa Finca Santa Fe in the Comalapa municipality. Their business activity is livestock, which gives him income to support his family.

Migdonio cultivates his land and also does agricultural work. This way he generates greater income and covers his financial obligations.

He is requesting a loan to buy cattle to raise. He will let the cattle graze, and he will sell them when they are a good weight. He counts on help from Kiva to carry out this small project. That way he will get income and continue in the business.

His greatest dream is for his land to be in better condition for his livestock. He also want to improve the household comforts for his family.
View original language description ↓
Migdonio de 48 años de edad, vive con su esposa Minerva Tinoco y sus Hijos en la comarca Santa Rosa Finca Santa Fe, en el Municipio de Comalapa, donde se dedican a las actividades Ganaderas por el cual obtiene sus ingresos para el sustento de su Familia, el Sr. Migdonio explota su propiedad realizando tambien actividades agricola de modo que esto le genere mayor ingresos y asi cubrir sus obligaciones de pago.

Solicita su credito para compra de Ganado de Desarrollo para repastarlos y ponerlos a la venta cuando esten en buen peso, pues cuenta con la ayuda de Kiva para realizar este pequeño proyecto y asi obtener ganancias y continuar en el mercado del Negocio.

Su mayor sueño es que su propiedad tenga mejores condiciones para su Ganado y tambien mejorar las comodidades del hogar para su Familia.

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
  • 103
    View loans »
    Nicaragua Loans Fundraising
  • $24,823,475
    Funds lent in using Kiva
  • 21.8
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $925 helped Migdonio Reineres to buy calves to fatten.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Nov 11, 2010
Listed
Dec 10, 2010
Currency Exchange Loss:
Covered
Ended:
Jun 15, 2012