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Teresa De Jesús
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Teresa Coreo lives in the Palo de Leche neighborhood in the Ticuantepe municipality. She is married, her husband is a welder and they have five children; two who study and three who work with her farming. For fifteen years, Teresa has dedicated herself to growing pineapples, a business which she started with her own efforts and with the help of loans from AFODENIC. Currently, she has an upcoming pineapple harvest to which, like always, she is dedicating her best efforts to obtain a 100% harvest. The loan she is requesting will be used to purchase organic fertilizers in order to get quality pineapples and then distribute them to the markets in Managua.

Translated from Spanish by Cindy M., Kiva Volunteer.

Teresa Coreo habita en el barrio Palo de Leche del municipio de Ticuantepe, es casada, su esposo se dedica a hacer trabajos de soldadura. Tiene 5 hijos de los cuales 2 estudian y 3 trabajan junto a ella en la agricultura. Teresa se dedica al cultivo de piña desde hace 15 años actividad que empezó con esfuerzo propio y que se ha podido ayudar con los préstamos que AFODENIC le ha otorgado. Actualmente tiene una próxima cosecha de piña, a la cual como siempre le está dedicando su mejor esfuerzo para poder obtenerla al 100%. Con el crédito solicitado invertirá en la compra de abonos orgánicos para poder darle al producto el mantenimiento necesario para que pueda salir piña de calidad, y así después poder distribuirla en los mercados de Managua.

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
  • 107
    View loans »
    Nicaragua Loans Fundraising
  • $23,737,400
    Funds lent in using Kiva
  • 19.9
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $850 helped Teresa De Jesús purchase of organic fertilizer to improve production.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Sep 3, 2008
Listed
Aug 19, 2008
Currency Exchange Loss:
Covered
Ended:
Oct 15, 2009