Doña Paula Group
Update on Doña Paula GroupThis group is made up of three members. One of them is Paula, a 40 year old woman who is married and has three children, ages 20, 13 and 9. Her business is selling Avon cosmetics, gold and silver jewelry, men's shoes, women's shoes, and stovetop items. She has had this business for 15 years. Her oldest son helps her with her business. This loan will be used to purchase gold jewelry, such as necklaces, pendants, engagement rings, regular rings, bracelets, and anklets. With the prior loan she was able to pay off her debts and with her profits she purchased construction materials to improve her home and rent land, as she is also farming this season. Carolina is 40 years old and her business is selling meals and soup on the weekends. Iris has a business selling Avon cosmetics and Zermat products. She is 42 years old.
Previous Loan DetailsThis group is comprised of four entrepreneurs, one of whom is Paula who is 40, married and has four children, ages 3, 8, 13 and 20. Her business consists of selling items such as gold, clothing and shoes; and on weekends she sells soups and fried food out of her home. Her older children help wi... More from Doña Paula 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
66View loans »
Success!! The loan was 100% repaid