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Gloria

Update on Gloria

Gloria, aged 57, is a small business owner full of enterprising spirit. A single mother, she has five children, all of whom are now adults. She sells various products, mainly Avon cosmetics, shoes, clothes, etc. She has had this business for 28 years. She will use the loan to buy school supplies and uniforms to sell: notebooks, skirts, shirts, trousers, pens, paper, pencil cases, backpacks, and other items.
View original language description ↓
Gloria es una mujer microempresaria emprendedora de 57 años de edad, madre soltera con cinco hijos todos mayores de edad, su negocio consiste en la venta cosméticos de la Avon, comercializa zapatos, ropa variada, etc. actividad que viene realizando desde hace 28 años. El crédito lo invertirá en la compra de útiles escolares como cuadernos universitarios, uniformes como faldas, camisas, pantalones, lapiceros, crayones, borradores, estuches geométricos, mochilas etc.





Previous Loan Details

Gloria Argentina is an enterprising and hardworking woman. She has a business selling clothing, vegetables, soft drinks, and other items. She started this business 28 years ago with just a few products, and she gradually expanded it by investing in other areas. She will invest this loan in clo... More from Gloria'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
  • 110
    View loans »
    Nicaragua Loans Fundraising
  • $24,828,400
    Funds lent in using Kiva
  • 24.3
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $925 helped Gloria to buy school supplies and uniforms to sell.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 31, 2013
Listed
Mar 1, 2013
Currency Exchange Loss:
Covered
Ended:
Nov 17, 2013