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María Lourdes

Update on María Lourdes

Maria Lourdes is a successful micro-entrepreneur that's had a convenience store at home for 19 years. She's had several loans with the institution that have helped her improve and expand her business.
This loan will be used to buy rice, oil, sugar, chicken, beans etc with the purpose to continue expanding her business.
View original language description ↓
Doña María Lourdes microempresaria de éxitos que tiene una pulpería desde hace 19 años en su domicilio. Ella lleva varios créditos con la institución y le han servido para mejorar y ampliar su negocio
Este crédito lo utilizara para compra de arroz, aceite, azúcar, pollo, frijoles etc. con el propósito de seguir ampliando su negocio.

Previous Loan Details

María Lourdes is a hardworking, entrepreneurial woman. In 1993 she began her small business selling dairy products. Little by little she increased her sales until she had her own well-stocked grocery store. She will invest her loan in buying basic grains, meat, dog food, etc.as she wishes to h... More from María Lourdes'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
  • 128
    View loans »
    Nicaragua Loans Fundraising
  • $24,581,200
    Funds lent in using Kiva
  • 23.8
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,100 helped María Lourdes to by rice, beans, sugar, oil, dog food, chicken, beef.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 31, 2012
Listed
Oct 6, 2012
Currency Exchange Loss:
Covered
Ended:
Jul 17, 2013
This photo was used before for a previous loan for María Lourdes. It was first posted on Kiva on Nov, 2011. Learn More