Gioconda Del Carmen
Update on Gioconda Del CarmenGioconda del Carmen is a hard-working, enterprising 42 year-old woman who has five children. Only the youngest, at 12 years of age, is in her care. She has run a food stall for the past six years. This business started with soups (of beef, bone, tripe, chicken, cheese, etc.) on the weekends, and then she learned how to make traditional Nicaraguan dishes like vahó and vigoron (yuca, fried pork and cabbage salad). With her earnings and loans she began opening her food and fried snack stall at night.
With the previous credit she invested in products for her business and with the earnings she was able to tile and improve her stall. This credit will be used on products for the business since she has orders for several Christmas parties.
Con el crédito anterior ella invirtió en productos para el negocio y con las ganancias logro embaldosar y mejorar el negocio. Este crédito lo invertirá en productos para el negocio ya que tiene encargos para la cena navideñas
Previous Loan DetailsGioconda del Carmen is a 42-year-old hardworking and enterprising woman who puts a lot of effort into what she does. In 2002, she began selling breakfasts and her business grew. Now, her eatery opens very early and closes in the afternoons. She has been working with ADIM for two years. She be... More from Gioconda Del Carmen's previous loan »
About ADIMLocated in Central America, ADIM is a small microfinance institution with a strong social focus. In the saturated microfinance market of Nicaragua, ADIM stands out for its emphasis on the holistic development of women as well as its provision of responsible financial services. Founded in 1989 by a small group of Nicaraguan women, this institution has remained true to its initial goal of providing its clients (90% of which are women) with an opportunity for economic growth, in addition to personal and professional empowerment. Supporting an ADIM borrower means contributing not only to the continued offering of the socially conscious services it provides, but also to the sustainable growth of a truly unique microfinance institution.
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.
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Success!! The loan was 100% repaid