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Gerardo

Update on Gerardo

Gerardo is an enterprising man who is 68 years old and is married. He's had a business cultivating selling corn and selling firewood for 30 years. He's been a client of ADIM for 12 years. He sells his products in the market and in his community. He is requesting a loan to purchase a fixed asset: a chainsaw.
View original language description ↓
Gerardo es un hombre emprendedor de 68 años de edad, casado. Su negocio es la agricultura siembra y venta de maíz por quintal y la venta de leña desde hace 30 años. Tiene 12 años de ser cliente de la institución, sus productos los comercializa en el mercado y en su comunidad. El crédito lo solicita para la compra de activo fijo una moto sierra.

Previous Loan Details

Mr. Gerardo is a hard working and entrepreneurial man who has been working in agriculture and selling firewood for over 30 years. He will invest this loan in land preparation (burning trash, rent, plowing, weeding, seeds, manure, complete fertilizer, insecticides, etc.) More from Gerardo'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

  • $3,636
    Average annual income
  • 115
    View loans »
    Nicaragua Loans Fundraising
  • $24,398,000
    Funds lent in using Kiva
  • 24.7
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $425 helped Gerardo to buy a chainsaw.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Jun 7, 2013
Listed
Jul 10, 2013
Currency Exchange Loss:
Covered
Ended:
Oct 17, 2013