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Miguel Angel
Miguel is 46 years old, has two children, and has a 3-meters-square plot of land where he plants coffee, bananas, and pineapple. He has been farming for 23 years, and all of the loans he has received from AFODENIC he has invested very well in supplies that he uses to sow the land well. His brother and two workers help him with farm work, and he sells his crops in the market where he already has a customer who buys them. Miguel has requested this loan in order to maintain his crops by buying fertilizers, manure, and other products that are necessary for maintaining and sustaining his farm.
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Don Miguel tiene 46 años de edad, tiene dos hijos, su propiedad es de 3 metros cuadrados y en ella tiene sembrado café, plátanos y piña, tiene 23 años de dedicarse a la agricultura, todos los créditos que ha obtenido de AFODENIC los ha invertido muy bien en los insumos que utiliza para la buena siembra, en las actividades del campo le ayuda su hermano y dos trabajadores, su producción la vende en el mercado ya tiene cliente que se la compra, solicita el crédito para darle mantenimiento a su cultivo comprando fertilizantes, abono y otros productos necesarios para el buen manejo y sustento de su plantación.

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
  • $24,094,200
    Funds lent in using Kiva
  • 23.7
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,275 helped Miguel Angel to buy fertilizers, manure, and other items.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Aug 24, 2012
Listed
Oct 1, 2012
Currency Exchange Loss:
Possible
Ended:
Mar 17, 2014