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Elman Santiago

Update on Elman Santiago

Elman lives in the town of Masaya with his wife and children. The two have struggled a lot to be able to establish themselves as a couple and give a better condition of life to their children. He is a farmer. He harvests yucca and currently needs to establish and maintain 7000 square meters of cultivated land.

With this loan he will buy the supplies and fertilizers necessary for better harvests and to therefore be able to obtain good results at the time when he takes his product to sell. He is thankful for the support that Afodenic and Kiva Funds have provided him these years.
View original language description ↓
El señor Elman habita en el municipio de Masaya junto a su esposa e hijos, los dos han luchado mucho para poder establecerse como pareja y darle a sus hijos mejores condiciones de Vida, el es agricultor, cosecha yuca y en la actualidas necesita establecer y darle mantenimiento a una manzana de siembros, con este credito comprara los insumos y fertilizantes necesarios para que su cosecha mejores y pueda asi obtener buenos resultados al momento de sacar su producto a la venta, Agradece el apoyo que Afodenic y Fondos Kiva le han brindado estos años.

Previous Loan Details

Don Elman, along with his wife and children, works hard every day to support his family and earn the income they need so they can have a better life. His current goal is to expand his orchard of yucca trees by 2.5 acres. Thanks to God he makes a good income; further, he has his own business a... More from Elman Santiago's previous loan »

Additional Information


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

  • $4,800
    Average annual income
  • 76
    View loans »
    Nicaragua Loans Fundraising
  • $25,420,300
    Funds lent in using Kiva
  • 24.9
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,100 helped Elman Santiago to maintain crops.
100% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
May 15, 2013
May 22, 2013
Currency Exchange Loss:
Dec 17, 2014