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Nora

Update on Nora

Nora has a grocery store in her house. She started it 17 years ago with a small table of fruit, bread, coffee, etc. With the support of her husband, she injected a small amount of capital which gradually grew until it reached the level of growth that her business has. She has a diverse range of products in her store and her dream is that it will be a large shop. The loan will be invested in the purchase of basic grains like rice, beans, oil, sugar, toilet paper, soap, laundry soap, etc.
View original language description ↓
Doña Nora tiene una pulpería en su domicilio desde hace 17 años lo inicio con una pequeña mesa de frutas, pan, café, etc. con apoyo de su esposo le inyecto un pequeño capital que poco a poco fue creciendo hasta alcanzar el nivel de crecimiento que tiene su negocio. Tiene una diversificación de productos en su pulpería y su sueño es que sea una gran miscelánea. El crédito lo invertirá en compra de granos básicos como arroz, frijoles, aceite, azúcar, papel higiénico, jabón de baño, jabón de lavar ropa etc.

Previous Loan Details

Señora Nora del Socorro V. is a hardworking, determined and enterprising woman. She is married and has a son. She has a grocery store, which she started 17 years ago, selling just ice, icecreams, choco-bananas, pens, polvorones [a kind of shortbread biscuit], etc. Later, little by little, she wen... More from Nora'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

  • $3,636
    Average annual income
  • 81
    View loans »
    Nicaragua Loans Fundraising
  • $23,617,600
    Funds lent in using Kiva
  • 23.9
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,275 helped Nora to invest in the purchase of basic grains like rice, beans, sugar, oil, soap, beef, chicken, milk, sour cream, etc.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 29, 2012
Listed
Nov 4, 2012
Currency Exchange Loss:
Covered
Ended:
Jun 17, 2013