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José Alberto

Update on José Alberto

Señor José Alberto is a hard-working and enterprising man who works selling fruit: in particular, pineapples and seasonal products. He has been selling fruit for the last eight years in his local market, and will invest his loan in pineapples.

José is married to Luz Marina, with whom he has five children.
View original language description ↓
El señor José Alberto es un hombre trabajador y emprendedor quien se dedica a la venta de frutas en especial piñas y productos de temporada. El comercializa desde hace 8 años en el mercado local e invertirá el crédito en piña.
José está casado con Luz Marina con la que tiene 5 hijos.

Previous Loan Details

Sr. José Alberto is a hardworking man who is married and has two daughters: one daughter is 23 and already a college graduate and the other is 14 and in secondary school. He has been selling perishables, specifically pineapples, in the local market. He will use the loan to buy pineapples in orde... More from José Alberto's previous loan »

Additional Information

About ADIM

Located 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.

About Nicaragua

  • $4,800
    Average annual income
  • 66
    View loans »
    Nicaragua Loans Fundraising
  • $25,083,125
    Funds lent in using Kiva
  • 23.3
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,300 helped José Alberto to buy pineapples.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Mar 23, 2012
Apr 15, 2012
Currency Exchange Loss:
Dec 15, 2012