Update on Milagro GroupThis group is formed by four successful entrepreneurial partners, one of whom is Margarita. Margarita makes a living from selling Avon cosmetics, a business she has been involved in for 10 years. She is a married woman and has 6 children, both adults and children still studying. The loan will be invested in the purchase of Avon cosmetics like hand cream, body lotion, men’s perfume, women’s perfume, lotions, lipstick, nail polish, face cream, deodorants, children’s shampoo, etc. Bertha sells new clothing and various other items, Mario Enrique has a small mattress factory in his home, and Meyling sells clothing and costume jewelry.
Previous Loan DetailsThe 'Milagro' (Miracle) group is made up of three hard-working and entrepreneurial people. One of these people is Margarita del Carmen who has been selling clothing and cosmetics for eight years. She started her business with only a few products. Margarita del Carmen is married and has five ch... More from Milagro 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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Success!! The loan was 100% repaid