Manantial En El Desierto Group
Update on Manantial En El Desierto GroupThis group consists of four enterprising members. María Auxiliadora has a convenience store. She previously had a business making tortillas at home. Over time, she built up her savings until she had enough money to open a convenience store in her home. Her loan will be used to buy basic grains such as rice, as well as oil, beans, and sugar. She also wants to diversify her products by purchasing cosmetics, clothing, shoes, and other items.
The other members are as follows:
• Carmen María has a small kiosk at a market located in the capital where she sells fast food, hot dogs, pizza, and natural soft drinks.
• Lucia del Carmen sells Nicaraguan tamales and butchered pigs.
• Fátima Arelis has a small sewing workshop, but she also provides transportation services to elementary school students.
Previous Loan DetailsThe group Manantial en el Desierto has three working members. María Auxiliadora is the coordinator, and has sold aluminum and clothing from her home for the past 8 years. She seeks this credit to increase her merchandise for sale and her goal is to little by little improve her home; with a prio... More from Manantial En El Desierto 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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