Update on MatildeMatilde is a very successful and enterprising businessperson. She is 45 and married with four sons ages 6, 20, 24, and 27. She has been raising hogs for 15 years and sells pork products such as fried pork with tortillas, nactamales, and chicharrón [fried pork rind] at lunchtime.
She has six workers who help her with the business, and two of her sons help her to prepare and sell her products. She had health problems over the course of her previous loan, but she has overcome it. With her previous loan she was able to buy a freezer to store the meat and other items. She will invest this loan in the purchase of live hogs and basic staples such as rice, beans, sugar, oil, beef, chicken, vegetables, firewood, etc.
Previous Loan DetailsMatilde is a hard-working woman. Fourteen years ago she started a fritanga, which is a popular restaurant that principally sells fried food and it served as a business for her during the evenings. Soon, thanks to her hard work and loans, she was able to begin serving lunch and butchering pigs. She… More from Matilde'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.
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Success!! The loan was 100% repaid