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Luis Armando

Update on Luis Armando

Señor Luis lives with his family in the rural town of Ticuantepe. His dream is to have a prosperous home and improve his living conditions.

Luis will use this new loan to buy the supplies and fertilizers he needs to maintain and take the best possible care of his pineapple crop. In this way, he can increase his sales, since with the help of God he can achieve a good harvest this year.

He is grateful for the support and trust given to him by Afodenic and Kiva.
View original language description ↓
El señor Luis, habita junto a su familia en el municipio de Ticuantepe, el sueña con tener su casa bien prosperada y mejorar de condicines, con este nuevo financiamiento don Luis comprara indumos y fertilizantes necesarios para darle un optimo y mejor Mantenimiento a su cultivo de Piña y asi poder aprovechar las ventas ya que mediante Dios podra sacar buena cosecha este año. Agradece el apoyo y la confianza que Afodenic le ha brindado en conjunto a Fondo Kiva.

Previous Loan Details

Sr. Luis lives with his family in the rural town of Ticuantepe. His plans for the future are to grow a wider range of crops so that he can earn more and build a house. Don Luis suffered a difficult loss when cattle belonging to a neighbor invaded his fields and ate a large part of his crop, a… More from Luis Armando's previous loan »

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.

Concurrent and Successive Loans

Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.

This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.

About Nicaragua

  • $3,636
    Average annual income
  • 168
    View loans »
    Nicaragua Loans Fundraising
  • $23,195,750
    Funds lent in using Kiva
  • 24.2
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $425 helped Luis Armando to buy supplies for maintaining his crops.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Jan 26, 2013
Listed
Feb 1, 2013
Currency Exchange Loss:
Possible
Ended:
Feb 17, 2014