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Miguel De Los Santos

Update on Miguel De Los Santos

Miguel continues with his plans to improve his life. He lives together with his wife who supports him in covering their household expenses. Together they have figured out how to improve their income, cultivate their land and sell their fruit. Miguel will use this new loan from Afodenic to maintain his pineapple crop because, as a result of the rain, they are suffering from floods and pests. He will buy the supplies he needs, such as urea, so that he produces better quality pineapples and is able to sell them for a good price. Miguel trusts in Afodenic and is grateful for their help. He hopes to be able to grow in his work in the future.
View original language description ↓
Don Muguel continua con sus planes de mejorar de vida, junto a su esposa quien lo apoya en todos los gastos para el hogar han sabido mejorar sus ingresos. cultivan la tierra y vendiendo frutas. con este nuevo credito adquirido en Afodenic podra darle mantenimiento a dos manzanas de piñas que por las lluvias sufren mucho por las inundaciones y las plagas que las asechan. comprara insumos necesarios como completa, urea para que la piña sea de mejor calidad y asi venderla a buen precio.
don Miguel quien confia mucho en Afodenic y agradece espera poder crecer en un futuro con sus cultivos.

Previous Loan Details

Señor Miguel is a small farmer. He lives with his wife and children in the Ticuantepe area. His plans for the future are to be able to improve his living conditions. Don Miguel has been growing pineapples for several years. The biggest challenge he faces is not having enough capital to invest… More from Miguel De Los Santos'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
  • 172
    View loans »
    Nicaragua Loans Fundraising
  • $23,211,000
    Funds lent in using Kiva
  • 23.5
    Nicaragua Cordobas (NIO) = $1 USD
Expired
A loan of $650 helped Miguel De Los Santos to maintain his crops.
Repayment Term
14 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
May 30, 2012
Listed
Jun 8, 2012
Currency Exchange Loss:
Possible
Expired:
Jul 8, 2012