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Jose Mercedes
Mr. Jose Mercedes lives in the Masapia neighborhood with his family which consists of Mrs. Socorro Somoza and their two young children who are studying in 2nd and 3rd grade of elementary school. Jose tends to his 3 blocks of rice fields early every morning which brings him a decent income. Mrs. Socorro es a teacher in the community school. Jose is a member of the agricultural cooperative La Esperanza (Hope), which allows him to become a partner in the purchase of a rice threshing machine if he can contribute $775. His dream is to realize this goal and reduce his production costs in order to improve his income and the living conditions of his family in the future.
View original language description ↓
El Sr. Jose Mercedes habita en la Cmca. Masapia junto a su familia compuesta por su Sra. Socorro Somoza y 2 hijos menores, los que estudian 2do y 3er grado de primaria, muy temprano atiende su cultivo de arroz de 3 Mzs a la que le brinda el manejo adecuado; la Sra. Socorro es profesora de la escuela de la comunidd, don Jose es socio de la cooperativa agropecuaria La Esperanza, la que a traves de 1 proyecto le permite acceder como socio de 1 trillo, teniendo que aportar el monto de C$.15,000.00. Su sueño es alcanzar esa meta y asi reducir sus costos de produccion y por ende obtener mayores beneficios que le permitan mejorar las condiciones de vida familiar en el futuro.

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.

About Nicaragua

  • $4,800
    Average annual income
  • 71
    View loans »
    Nicaragua Loans Fundraising
  • $26,432,925
    Funds lent in using Kiva
  • 19.8
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $775 helped Jose Mercedes contribute 30% to the construction of a rice threshing machine.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
At end of term
Nov 13, 2008
Nov 23, 2008
Currency Exchange Loss:
Jun 15, 2010