Rio Blanco Group
Update on Rio Blanco GroupThe Rio Blanco group is composed of three hardworking and entrepreneurial women. One of them, Maria de los Angeles, has been working in cosmetic sales for the past 4 years, since she started with the purchase of a few products and now has a very well-stocked business.
The other members of the group are Darling del Socorro who has a tortilla shop, and Luisa who has been selling clothes for 2 years.
Las otras integrantes son Darling del Socorro quien tiene una tortillería y Luisa quien vende ropa desde hace 2 años.
Previous Loan DetailsRío Blanco Group (white river) is composed of three hard-working women. One of them is María de los Ángeles who has been selling footwear, cosmetics and jewelry for eight years. She is married and the mother of three children, but only the two youngest, aged 8 and 11, are depending on her. The tw... More from Rio Blanco 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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