Las M Group
Update on Las M GroupThe group consists of four entrepreneurial women. They are María del Socorro, Jessenia del Carmen, Esmilda del Carmen and Miriam. For several years, they make a living selling fruits and vegetables and will use the loan to purchase seasonal perishable goods mainly avocado, mango, jocotes, tamarind...etc
The coordinator is the Maria del Socorro who has been selling perishable goods since 1995 in one of the largest markets of Managua. She will use the loan to purchase avocados and jocotes, fruits of the season.
La coordinadora es la señora Maria del Socorro quien desde hace 1995 comercializa perecederos en uno de los mercados más grande de Managua. Ella invertirá el crédito en aguacate y jocotes futa de temporada.
Previous Loan DetailsThe M. group consists of four hardworking and entrepreneurial women; for several years, they have been in the business of selling fruits and vegetables, something that is in great demand in Nicaragua. The coordinator of the group is Jesenia del Carmen M., who started selling fruits and vegetables... More from Las M Group'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.
This is a Group Loan
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Success!! The loan was 100% repaid