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Agustin Porfirio

Update on Agustin Porfirio

Agustin lives in the municipality of Ticuantepe and has been in agriculture for 15 years. His wife is a vendor and supports him in all the decisions made because they are for the well-being of the family. He has worked hard to move his kids forward. With this new loan he will buy what he needs to provide optimum maintenance to his pineapple crops. He will buy fertilizers, urea and insecticides. He is thankful for the support that Afodenic has brought him with the help of Kiva funds during these years.
View original language description ↓
El señor Agustin habita en el municipio de Ticuantepe, agricultor desde hace 15 años, su esposa es comerciante y le apoya en todas las deciciones ya que son para el bienestar de la familia, el a trabajado mucho para sacar a sus hijos adelante, con este nuevo credito compra lo que necesita para darle un optimo mantenimiento a su cultivo de Piña ya que comprara Fertilizantes, Urea, Completo, inseptisidas. Agradece el apoyo que Afodenic le ha brindo con ayuda de Fondos Kiva durante estos años.

Previous Loan Details

Agustin is a humble agriculturist in the region of Ticuantepe. He lives together with his wife who works as a fruits and vegetables merchant to help with he household expenses. His plans for his family are to improve their living conditions and to support his daughter in her studies, to enable he... More from Agustin Porfirio'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
  • 59
    View loans »
    Nicaragua Loans Fundraising
  • $26,432,925
    Funds lent in using Kiva
  • 24.1
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,100 helped Agustin Porfirio to buy maintenance supplies for his crops.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
At end of term
Dec 29, 2012
Jan 9, 2013
Currency Exchange Loss:
Feb 17, 2014