Update on Cumplidas GroupThe group is made up of three entrepreneurial members. One of these is Concepción, a 40 year old single woman with two children (20 and 2 years old). Her business for four years has been selling food on weekends in her neighborhood serving lunch and buñuelo [a donut like sweet], as well as selling used clothing as a street vendor. Her oldest son helps her deliver food orders to the residences in their neighborhood.
She will invest this loan in the purchase of ingredients like rice, sugar, oil, yuca, pork rinds, cabbage, vinegar, beef, chicken, beef bones, green bananas, ripe plantains, chayote and ayote [types of squash], taro, mint, cilantro, salt, firewood, tomatoes, onion, sweet peppers, bitter oranges, etc.
Yovania is 47 years old and her business is selling food to workers at a health care center in her community. Silvia is 51 years old and her business is a general store run from her home.
Previous Loan DetailsThis group is made up of three enterprising women. Concepción is 40 years old and runs an eatery out of her home. She’s been doing this for four years and she’s also the single mother of two children who help her with her business. She will use the money from this loan to buy grains such as ri... More from Cumplidas 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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