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Domingo
Domingo is a humble farmer who has a small farm in the town of New Guinea, where we works with his 6 children and his wife. They are all committed to achieving higher production levels that would improve household finances. Domingo has a lot of experience in cultivating cocoa plants, for which he is requesting this loan. He intends to invest in materials, tools, supplies, and manual labor. This will improve his agricultural practice, which will increase his cocoa productivity, thus making it a sustainable production.
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El señor Domingo, es un humilde productor agropecuario, tiene una pequeña finca ubicada en el municipio de Nueva Guinea, la cual trabaja en conjunto con sus 6 hijos y esposa, todos comprometidos en obtener mayores niveles de producción que mejore su economía familiar. Domingo tiene mucha experiencia en el manejo del cultivo de cacao, para lo cual solicita este crédito con el objetivo de invertir en materiales, herramientas, insumos, mano de obra, que ayuden a efectuar buenas prácticas agrícolas con el propósito de incrementar la productividad de cacao, convirtiéndola en una producción sostenible.

Additional Information

More information about this loan

Through the Silvopasture loan, Afodenic will help smallholder farmers, whose livelihoods are principally derived from livestock, to diversify their incomes. These loans will be used to plant income generating fruit and nut trees, such as cacao, on grazing lands.  Silvopasture is the practice of combining forestry and grazing of domesticated animals in a mutually beneficial way. Advantages are enhanced soil protection, reduced natural pollution by livestock, and increased medium-term income due to the production of trees and fruits.

Despite being the country’s most important export and playing a vital role in the local economy, Nicaragua’s livestock production is currently heavily lacking in resources to increase efficiency and sustainability. Today, hard pressed farmers are raising their livestock in inappropriate conditions, allowing overgrazing and administering medications to the animals that increase environmental pollution. Moreover, for many, livestock production is the only source of income, leaving families vulnerable to market conditions, as in 2008 when cattle prices sharply fell in Nicaragua.

 
 

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
  • 128
    View loans »
    Nicaragua Loans Fundraising
  • $24,535,925
    Funds lent in using Kiva
  • 26.2
    Nicaragua Cordobas (NIO) = $1 USD
Expired
A loan of $1,475 helped Domingo purchase tools, fertilizers, fungicides, and pay for manual labor.
Repayment Term
38 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Feb 28, 2014
Listed
Apr 11, 2014
Currency Exchange Loss:
Possible
Expired:
May 11, 2014