Update on Golondrinas GroupYamileth is a 37-year old woman and member of a group made of three entrepreneurs. She lives with her life partner and has run a grocery store in her house for 8 years now (she was a housewife before).
She's been a client of the institution for 4 years and has always been punctual and responsible in her payments. Thanks to her previous loan, she was able to make improvements to her house by changing the ceiling, painting and tiling the area where she has her business. She will use the requested loan to buy beef and chicken meats, mortadella, dairy products and a display cabinet to sell sandals. Her goal and dream is to have her own groceries distribution business.
Carolina is 23 years old and owns a grocery store in her house. Rebeca also owns a grocery store and makes and sells tortillas.
Previous Loan DetailsThe “Golondrinas” (The Swallows) group has three hardworking, enterprising members. One of them is Yamileth who sells snacks and small products. She used the previous loan to buy display cases and replace the store’s roof. She wants to use this one to stock it with a greater variety of produ... More from Golondrinas 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