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Raymundo
Raymundo is 68-years old, married and has two grown children. He has been a client of the institution for twelve years. His business is butchering pigs. He has two paid employees. In addition to butchering, Raymundo sells "nacatamales" (a local dish of corn, meat and rice wrapped in banana leaves) from his home. He is well-known in his community for the quality of his "nacatamales" and the rest of his pork products. Raymundo will invest the loan in the purchase of live pigs and raw materials for making " nacatamales," like pork, banana leaves, cord, rice, potatoes, onion, chilies, garlic, salt, bitter oranges, annatto, corn, lime, firewood etc.
View original language description ↓
Raymundo tiene 68 años de edad, casado, con dos hijos ya mayores, desde hace 12 años es cliente de la institución y su negocio es el destace de cerdo, cuenta con dos trabajadores remunerados, a y parte del destace vende nacatamales en su domicilio y en su comunidad es bien reconocido por la calidad de los nacatamales y el resto de producto de la carne de cerdo. El crédito lo invertirá en la compra de cerdo en pie y materia prima para elaborar nacatamales como carne de cerdo, hojas de chagüites, mecates, arroz, papa, cebolla, chiltoma, ajo, sal, naranja agria, achiote, maíz, cal, leñas etc.

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.

About Nicaragua

  • $3,636
    Average annual income
  • 62
    View loans »
    Nicaragua Loans Fundraising
  • $23,461,725
    Funds lent in using Kiva
  • 24.8
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,225 helped Raymundo with the purchase of live pigs and raw materials for making "nacatamales" (a local dish of corn, meat and rice wrapped in banana leaf), like banana leaves, pork, cords, rice, potatoes, onion, chilies, garlic, salt, bitter orange, annatto, corn, lime, firewood etc.
100% repaid
Repayment Term
16 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 6, 2013
Listed
May 7, 2013
Currency Exchange Loss:
Covered
Ended:
May 17, 2014