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Mateo
The grower Mateo lives in Colonia el Serrano. Since he was young he has developed his activities on his farm, making a living from the production of roots and tubers. He also receives income from the sale of milk products. For about seven years he has worked with loans that the institution Afodenic has financed to him, from which he has benefited in order to improve the quality of life for him and his family.

He is an honest and hardworking person with the spirit to overcome so this time he is applying for a loan with Kiva for the establishment of about 1.72 acres of yucca. He will use the supplies for the preparation of the soil.

His hope is to obtain an excellent production so that at harvest time he will be able to sell it at the best price and obtain a greater profit.
View original language description ↓
El productor Mateo, habita en la Colonia el Serrano, desde joven desarrolla sus actividades en su finca, dedicandose a la produccion de raices, y tuberculos; además recibe ingreso de la comercialización de productos de leche; desde hace unos 7 años ha trabajado con creditos que le ha financiado la institución AFODENIC, de los cuales ha sacado provecho para mejorar su calidad de vida del él y su Familia.
Es una persona honesta trabajadora con animo de superar por lo que, esta vez solicita credito a Kiva para establecimiento de una manzana de yuca ya que utilizara insumos para la preparacion del suelo.

Su esperanza es obtener una excelente produccion para que en el tiempo de cosecha poder comarcializarla al mejor precio y obtener mayor ganancia.

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
  • 89
    View loans »
    Nicaragua Loans Fundraising
  • $24,392,675
    Funds lent in using Kiva
  • 23.7
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $425 helped Mateo to plant yuca.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Jul 30, 2012
Listed
Sep 5, 2012
Currency Exchange Loss:
Possible
Ended:
Aug 18, 2013