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Miguel Angel
Miguel is 34 years old. He is married and has five small children who are all school aged. He is requesting his first loan with the objective of buying seeds to plant and care for hay, which will allow him to feed his herd for the summer. This will allow him to sell and have profits for his family's needs. He receives help from his wife and brother to complete his daily work. His biggest dream is to grow his herd and provide for the basic needs of his family, and he also hopes that his children will continue to study so they can grow up to be good men.
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Miguel de 34 años de edad es casado, tiene 5 hijos pequeños en edad escolar. Esta solicitando su 1er credito con el objetivo de comprar semilla para siembra y manejo de pasto, el cual le servira para alimentacion de verano a su hato ganadero, asi como para comercializar y obtener ingresos para el consumo familiar. Cuenta con el apoyo de su esposa y de un hermano que le ayuda a realizar la labores diarias. Su mayor sueño es poder consolidar su hato y contar con las condiciones basicas para su familia ademas desea que sus hijos estudien para que sean hombres de bien.

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
  • 79
    View loans »
    Nicaragua Loans Fundraising
  • $23,715,900
    Funds lent in using Kiva
  • 23.5
    Nicaragua Cordobas (NIO) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $650 helped Miguel Angel to buy seeds to grow hay.
99% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
May 22, 2012
Listed
Jul 2, 2012
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2014