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Miguel Angel
Miguel Ángel lives in the San Pedro barrio of the Contales department in Nicaragua. In spite of being 52 years old, he continues to work in the country growing crops. This work allowed him to bring up his six children. Miguel's wife has always supported him and together the couple has started up a small business in their home. When they are not working in the field, Miguel works at the family business. His two youngest children - who are still in school and under Miguel's responsibility - also support him with the business. Miguel is applying for this loan in order to stock up his business as demand has increased in the last few months. Miguel needs to buy basic grains, juices, fizzy drinks, cold meats, meat and other products which he will offer to his loyal local customers, and to other passers-by,
View original language description ↓
El señor Miguel Ángel es una persona que habita en el Barrio San Pedro del departamento de Chontales, a pesar de tener 52 años de edad aun se dedica a las labores de campo como productor, lo que le ha permitido educar a sus seis hijos. Su esposa le ha apoyado siempre y juntos han desarrollado un pequeño negocio en casa, en los momentos que no trabaja en el campo Don Miguel se dedica a su negocio familiar, sus dos hijos menores que aun estudian y están bajo su cargo también apoyan en el negocio. Miguel solicita el crédito para abastecer su negocio, el cual ha crecido su demanda grandemente en estos últimos meses, él necesita comprar granos básicos, jugos, gaseosas, embutidos, carnes y demás productos, los cuales serán ofrecidos a sus fieles clientes del barrio y demás comunidades.

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.

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About Nicaragua

  • $3,636
    Average annual income
  • 131
    View loans »
    Nicaragua Loans Fundraising
  • $24,053,975
    Funds lent in using Kiva
  • 25.9
    Nicaragua Cordobas (NIO) = $1 USD
Paying Back

This loan has been fully funded!

A loan of $975 helped Miguel Angel to buy basic grains, juices, fizzy drinks, cold meats, meat and other products.
86% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 8, 2014
Listed
Apr 17, 2014
Currency Exchange Loss:
Possible