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Rafael Jose
Rafael is 34 years old, married, and is a successful entrepreneur. For the past ten years he has been making and selling wooden furniture. He's been with the institution for two years. He sells his furniture in different markets in the capital and in Masaya. He will use the money from this loan to buy supplies such as fine wood, decorative supports, bolts, sanders, sandpaper, primer, etc.
View original language description ↓
Rafael es un hombre de 34 años de edad, casado, empresario exitoso, tiene 10 años de tener su negocio en la elaboración y comercialización de muebles de madera, tiene 2 años de ser cliente de la institución, los muebles los vende en los diferentes mercados de la capital y en el mercado de Masaya, este crédito lo invertirá en la compra de materia prima como madera fina, respaldos decorados, pernos, lijadoras, lijas, selladores, base 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
  • 75
    View loans »
    Nicaragua Loans Fundraising
  • $23,621,150
    Funds lent in using Kiva
  • 24.9
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $625 helped Rafael Jose to buy supplies.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 22, 2013
Listed
May 22, 2013
Currency Exchange Loss:
Covered
Ended:
Feb 17, 2014