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Armando De Jesus

Update on Armando De Jesus

Armando de Jesús is a 68-year-old man who has worked in agriculture and with livestock since he was very young. This work has allowed him to educate his seven children, who also help with some of the labor-intensive farm work. Armando's wife also works on the farm and together they work very hard to maintain the inheritance they will leave their children. Armando is requesting his third loan, which he will use to make improvements to his farm, such as repairing fences, which will make his cattle herd more secure. He needs to buy posts, staples, barbed wire, and cement to make the base for the posts.
View original language description ↓
El señor Armando de Jesús en un hombre de 68 años de edad que realiza actividades agrícolas y ganaderas desde muy pequeño, estas le han permitido educar a sus siete hijos que también les ayudan en algunas actividades laboriosas del campo. La esposa de Don Armando trabaja igualmente en la finca y juntos hacen un gran esfuerzo por mantener la herencia que dejarán a sus hijos. Don Armando está solicitando su tercer crédito, con el que hará mejoras en su finca como es la reparación de la cercas, y de esta manera proporcionará seguridad a su hato ganadero, necesitando comprar postes, grapas, alambre de púas y cemento para hacer la base de los postes.

Previous Loan Details

Sr. Armando is 66 years old, married, and has seven adult children. His wife works in the home. He lives in the region of El Cobano and is a farmer. He has raised cattle for 25 years and learned all about cattle from his parents and grandparents. Armando works hard every day to earn enough mo... More from Armando De Jesus'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.

Tags

About Nicaragua

  • $4,800
    Average annual income
  • 129
    View loans »
    Nicaragua Loans Fundraising
  • $24,535,925
    Funds lent in using Kiva
  • 25.3
    Nicaragua Cordobas (NIO) = $1 USD
Paying Back

This loan has been fully funded!

A loan of $950 helped Armando De Jesus to buy posts, staples, barbed wire, and cement to repair fences.
87% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 27, 2014
Listed
Mar 31, 2014
Currency Exchange Loss:
Possible