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Luis Manuel

Update on Luis Manuel

Luis is a successful businessman, married with three children who are already adults, and he is 56 years old. For 16 years, his business has been the sale and purchase of scrap metal.

With the loan, he will invest in the purchase of scrap metal and make some small improvements to his vehicle through maintenance by purchasing tires, paint, accessories, etc.
View original language description ↓
Luis es un empresario de éxito hombre casado, con tres hijos ya adultos, tiene 56 años de edad y su negocio es la venta y compra de chatarra desde hace 16 años. Con el crédito va invertirlo en la compra de chatarras, y realizarle unas pequeñas mejoras a su vehículo como mantenimiento compra de llantas, pintura, accesorios etc.

Previous Loan Details

Mr. Luis Miguel is a hardworking and enterprising person who's in the scrap metal business. Apart from that, he has worked for the past 16 years as a truck driver's mate for city hall. He will invest the loan in iron, aluminium, paper, sacks, etc. Luis Manuel is married to Aracely and they have a... More from Luis Manuel's previous loan »

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.

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.

About Nicaragua

  • $4,800
    Average annual income
  • 94
    View loans »
    Nicaragua Loans Fundraising
  • $25,011,000
    Funds lent in using Kiva
  • 24.8
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,025 helped Luis Manuel to buy scrap metal, and to provide maintenance to his vehicle by purchasing tires, paint, accessories, etc.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
May 22, 2013
Jun 26, 2013
Currency Exchange Loss:
Sep 17, 2014