Nueva Vida Group
Update on Nueva Vida GroupThis group is made up of three successful, enterprising women. Lilliam, age 33, is married and has two children, ages 16 and 13. She has been selling vegetables for five years and has been working with the institution for 15 years. She is asking for this loan to buy sacks of vegetables such as potatoes, onions, chiltoma, and garlic. Teresa, age 64, sells baked goods; and Silvia, age 44, sells tamales, roasted corn, and pinolillo.
Previous Loan DetailsThe Group “Nueva Vida” (New Life) is made up of 3 hard-working, entrepreneurial people. One of them is Silvia, who has been selling tamales, pinol and pinolillo (cornmeal and cacao beverages); she also sells trout. She counts on help from her husband and children. The loan she is requesting will... More from Nueva Vida 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