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Gerardo

Update on Gerardo

Gerardo is a very hardworking man. He is 68 years old, married, and has worked in agriculture for 51 years old. He grows pujagua corn and corn. He has someone who helps in the process to later sell his crops in the Masaya market. He has been a client of the institution for 13 years and has shown himself to be a very responsible person. He needs the loan to buy materials and prepare the product by paying the laborer, removing the grains, and buying bags.
View original language description ↓
Gerardo es un hombre muy trabajador de 68 años de edad, casado, se dedica al negocio de la agricultura desde hace 51 años, siembra pujagua y maíz tiene a una persona que le ayuda al proceso para posteriormente ir a venderlos al mercado de Masaya, tiene de ser cliente de la institución 13 años tiempo en el cual ha demostrado ser una persona muy responsable. El crédito lo requiere para comprar materiales y llevar a cabo el producto terminado como pagar al mozo, desgranar, comprar sacos.

Previous Loan Details

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… 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
  • 150
    View loans »
    Nicaragua Loans Fundraising
  • $23,150,325
    Funds lent in using Kiva
  • 25.0
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $525 helped Gerardo to buy materials and prepare product by paying the laborer, removing the grains and buying bags.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Sep 10, 2013
Listed
Oct 17, 2013
Currency Exchange Loss:
Possible
Ended:
Mar 18, 2014