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Luis Armando

Update on Luis Armando

Sr. Luis lives with his family in the rural town of Ticuantepe. His plans for the future are to grow a wider range of crops so that he can earn more and build a house. Don Luis suffered a difficult loss when cattle belonging to a neighbor invaded his fields and ate a large part of his crop, a loss his neighbor has refused to take responsibility for. He could have avoided the loss if he'd had a fence, but he didn't have the money to build one before. He is applying for a loan to buy a thousand seedlings for his pineapple crop, along with the fertilizers and other supplies he needs to cover his loss.
View original language description ↓
El señor Luis , es habitante del municipio de Ticuantepe , junto a su familia , los planes hacia un futuro es poder diversificar el cultivo y obtener mejor ingresos para construir su vivienda y vivir dignamente , don Luis enfrento un gran problema con su cultivo debido a la invasión de unas vacas de su vecino , logrando comerse gran parte del cultivo y este no hacerse responsables de los hechos , esto se produjo debido a que por falta de ingresos no hay barreras de protección para el mismo , el necesita que se le financie para poder comprar unos mil hijos de piña , fertilizantes e insumos para restablecer todo lo perdido .

Previous Loan Details

Sr. Luis Armando R. A., 47, lives with his wife and family in the Medardo A. neighborhood. The couple has 3 children, all grown. The oldest is studying at the university and the others live independently. Sr. Luis has worked at farming since he was 11 years old. Sr. Luis lives in a modest h... More from Luis Armando's previous loan »

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.

Concurrent and Successive Loans

Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.

This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.

About Nicaragua

  • $3,636
    Average annual income
  • 113
    View loans »
    Nicaragua Loans Fundraising
  • $23,723,925
    Funds lent in using Kiva
  • 23.0
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $450 helped Luis Armando to buy supplies for his farming business.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Jan 18, 2012
Listed
Jan 28, 2012
Currency Exchange Loss:
Covered
Ended:
Feb 15, 2013