Update on Antonela GroupThis group consists of three entrepreneurial members. One is Lea, who is 42 and married with three children. She has run a business selling costume jewelry and new clothing for eight years. Lea has been a client of the institution for five years, which is the equivalent of 15 loans. She will use the loan to purchase silver earrings and chains and silver plated items in addition to new clothing such as women's pants and blouses and men's pants, shorts, and shirts, etc.
Karla is 32 and runs a business selling clothing and cosmetics.
Martha is 28 and runs a business selling clothing.
Previous Loan DetailsThe Antonela group is made up of three hard working and enterprising women. One of them is Lea who is the founder of the group, since 2008. She has worked as an elementary school teacher for 29 years and sells gold and silver jewelry. She will invest the loan in necklaces, bracelets, etc. Lea is ... More from Antonela 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