Check out some available loans that are similar to this one!
Felipe Armando
Felipe is from the El Riego district, Teustepe. He’s 51-years-old, married and the father of four children aged 16, 18, 23 and 25 years, respectively. He’s a farmer. He started his work very young helping his parents. In addition to growing basic grains, Felipe also works selling clothes and mattresses seasonally, merchandise he’s been buying gradually. With profits from the harvest sales he pays labor costs. He sells his products in Managua. When he’s not planting he invests in home use products to earn other income.

On this occasion, Felipe is asking for a loan to buy shoes and mattresses aiming at earning additional income. His future plan is to repay the loan with income this business generates and continue to buy more land. His next goal is to buy cattle for milk production.
View original language description ↓
Felipe originario de la Comarca el Riego, Teustepe, con 51 años de edad, casado, padre de 4 hijos entre las edades de 16, 18, 23 y 25 años respectivamente, de oficio agricultor. El inicio su actividad desde muy joven ayudándoles a sus padres. Felipe además de cultivar granos básicos también se dedica a la venta de ropa y colchones por temporada, mercadería de las cuales ha venido comprando, de las ganancias que saca de la cosecha, paga mano de obra, sus productos los comercializa en Managua. Cuando no está sembrando invierte en comprar mercadería de uso doméstico para conseguir otros ingresos
Felipe en esta ocasión esta solicitando el crédito para comprar zapatos y colchones con el objetivo de obtener otros ingresos, sus planes futuros es cancelar el crédito con los ingresos que le genere este negocio y seguir comprando mas tierras, su meta próxima es comprar ganado para la producción de leche.

About Nicaragua

  • $3,636
    Average annual income
  • 141
    View loans »
    Nicaragua Loans Fundraising
  • $24,079,275
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $625 helped Felipe Armando to buy shoes and mattresses.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Nov 30, 2012
Listed
Dec 5, 2012
Currency Exchange Loss:
N/A
Ended:
Jun 18, 2013