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Luis Manuel
Mr. Luis A., is a small producer in the municipality of San Ignacio. For twenty years he has been devoted to growing pineapples. His biggest problem is the gases of the volcano since it burns the plants. There are plans in the future to expand the crop. During this time, Luis managed to support his family with many needs from the profits from product sales. His family is composed of six children and his wife. Luis needs a loan to buy fertilizers and agricultural inputs necessary to recover the pineapple plants, and also to achieve a good size, color and taste, as these are the features to sell them at a good price. Luis appreciates the confidence that gives Afodenic the capability for lending through Kiva funds.
View original language description ↓
El señor Luis Álvarez, es un pequeño productor del municipio de San Ignacio , desde hace veinte años se dedica al cultivo de piña , la mayor afectación que se le presenta son los gases del volcán ya que este quema las plantas , los planes hacia a un futuro es poder ampliar el cultivo ya que durante este tiempo con las ganancias obtenidas de la venta del producto a logrado mantener a su familia con muchas necesidades ya que son seis hijos , su esposa y el que conforman este hogar , necesita un financiamiento para la compra de fertilizantes e insumos necesarios para recuperar las plantas de piña , para lograr un buen tamaño , color y sabor ,ya que estas son las características para ser compradas en un buen precio .Agradece la confianza que le brinda Afodenic atrávez de los fondos Kiva para realizar la inversión .

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
  • 129
    View loans »
    Nicaragua Loans Fundraising
  • $24,535,925
    Funds lent in using Kiva
  • 22.3
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $375 helped Luis Manuel to purchase fertilizer and agricultural inputs.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
May 31, 2011
Listed
Jun 12, 2011
Currency Exchange Loss:
Covered
Ended:
Jul 15, 2012