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Elman Santiago

Update on Elman Santiago

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 as a merchant, and his wife helps him with the household expenses. He needs to buy yucca seedlings and fertilizer, and to pay for the tilling of his land. He thanks Afodenic for the support they are giving him and for entrusting him with his previous loan.
View original language description ↓
Don Elman, junto a su esposa y sus hijos trabaja arduamente para el sustento de cada dia y asi tener ingresos para su hogar y tener una mejora en su vida. en estos momentos don elman tiene como meta establece una manzana y media de yuca mas ya que el se dedica al cultivo de la misma. y gracias a Dios le genera una buena ganancia, ademas el tiene su trabajo como vendedor en una empresa priva y su esposa le ayuda con los gastos del hogar.
el necesita comprar, fertilizante, madera de yuca, pagara el arado de la tierra. Agradece a Afodenic por el apoyo que le brindan y la confianza en el depositada.

Previous Loan Details

Elman is originally from the municipality of Mindiri in Masaya. He lives together with his wife and children. His plans for the future are to improve their living conditions. Elman has been cultivating yucca for many years. The greatest challenge is the theft of the product. He will invest the lo... 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
  • 74
    View loans »
    Nicaragua Loans Fundraising
  • $26,432,925
    Funds lent in using Kiva
  • 23.5
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $775 helped Elman Santiago to buy yucca seedlings to expand his orchard by 2.5 acres.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
At end of term
May 31, 2012
Jun 12, 2012
Currency Exchange Loss:
Jun 18, 2013
This photo was used before for a previous loan for Elman Santiago. It was first posted on Kiva on Jul, 2011. Learn More