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Gumercindo Melvin
Sr. Gumercindo, 36, lives in El Rama. He and his wife have 2 children. They help him with his farming and livestock business, a business that he operates on land that he owns. He buys and rears calves that he prepares for market and then sells. The business supports his family. Don Gumercindo works hard to support his family and maintain his land. His hard work has paid off and he wants to continue growing the business. Your loans have contributed to his success and he is applying for a new loan now that he will use to buy 3 calves that he will fatten for market. The investment will increase his income and improve his family's quality of life.

His goal is to make the most of your loans to grow his livestock business.
View original language description ↓
El Sr. Gumercindo de 36 años de edad, habita en el Rama RAAS, es casado, su esposa y sus 2 hijos, le ayudan en los trabajos agrícolas y Ganadero que realizan en el terreno que posee, el cual le saca provecho para el desarrollo y engorde de novillos para posteriormente comercializarlos y obtener sus recursos económicos para el sostenimiento familiar, Don Gumercindo ha luchado para sacar adelante a su Familia y mantener en buen estado su parcela que ha mejorado con esfuerzo propio, por lo que está interesado en experimentar el aumento de sus ingresos y el impacto que tendrá en trabajar con créditos que él confía le sean mayores sus ganancias, por lo que solicita este financiamiento para comprar 3 terneros para desarrollo y una vez que hayan ganado el peso esperado sacarlos al matadero para incrementar sus ingresos y por ende su calidad de vida.

Sus metas son aprovechar al máximo sus créditos para llegar hacer un gran ganadero.

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
  • 144
    View loans »
    Nicaragua Loans Fundraising
  • $24,094,725
    Funds lent in using Kiva
  • 23.7
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $650 helped Gumercindo Melvin to buy 3 calves for animal sales business.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Jul 26, 2012
Listed
Sep 1, 2012
Currency Exchange Loss:
Possible
Ended:
Nov 17, 2013