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Marvin
Marvin is 40 years old and is single. He is a small farmer in the area where he lives. He is requesting his second loan, which he will use to buy four calves of 200 kgs each. He will rear these calves until they are a good size and weight, then he will sell them at a price that will earn him a good profit.

His biggest dream is to see his herd grow strong so that he can leave his children a good inheritance that they can work in order to have a good life.
View original language description ↓
Don Marvin de 40 años de edad es soltero, es pequeño productor de la zona donde vive, Solicita su 2do crédito para invertirlo en la compra de 4 terneros de 200 kls los cuales cuidaría y esperaría que tuvieran un buen tamaño y peso para venderlos a un precio que obtenga buenas ganancias. Su mayor sueño es poder ver consolidado su hato ganadero para poder dejar a sus hijos un buen patrimonio con el que puedan trabajar para salir adelante.

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

  • $4,800
    Average annual income
  • 132
    View loans »
    Nicaragua Loans Fundraising
  • $24,576,775
    Funds lent in using Kiva
  • 23.9
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $650 helped Marvin to buy four calves.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Oct 22, 2012
Listed
Dec 1, 2012
Currency Exchange Loss:
Possible
Ended:
Mar 17, 2014