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Maria De Los Angeles

Update on Maria De Los Angeles

María is a woman who owns a small business. She is 31 years old, single, with three children aged 9, 6 and 1. It has been her business to make custom shoes for 10 years. Her father makes the shoes. She has been a client of the institution for 4 years. She needs the loan to buy materials like soles, linings, welts, leather, thread, etc.
View original language description ↓
María es una mujer microempresaria de 31 años, soltera, con tres hijos de 9, 6 y 1 año, su negocio es la elaboración de zapatos por encargo desde hace 10 años, su papa es quien se encarga de elaborar el calzado. Tiene 4 años de ser cliente de la institución El crédito lo requiere para la compra de materiales como suelas, forros, cerquillos, cuero, hilo, etc.

Previous Loan Details

María de los Ángeles is a hardworking and enterprising woman who owns a shoe store that she started ten years ago. She plans to use the money from the loan to purchase patent leather, dark blue fabric, linings, brasil, and fiber, etc. More from Maria De Los Angeles'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
  • 150
    View loans »
    Nicaragua Loans Fundraising
  • $23,157,725
    Funds lent in using Kiva
  • 25.5
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $325 helped Maria De Los Angeles to buy prime materials like soles, welts, leather, thread etc.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 28, 2013
Listed
Oct 17, 2013
Currency Exchange Loss:
Possible
Ended:
May 17, 2014