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Alejandro Isabel

Update on Alejandro Isabel

Alejandro is 69 years old, he is married and he has two children. He has been running a bakery located in his house for 13 years, and his older children help him with the different stages of the production process, such as kneading and baking. He has been a member of the institution for 5 years, and he is requesting a loan to make improvements to his bakery and to buy flour by the kilo.
View original language description ↓
Alejandro es un señor de 69 años de edad, casado, con dos hijos bajo su cargo, su negocio es una panadería ubicada en su domicilio desde hace 13 años, sus hijos mayores le ayudan en la elaboración de los diferentes tipos de pan como amasar y a hornear. Tiene 5 años de ser cliente de la institución, el crédito lo solicita para mejoras a su panadería y compra de harina por quintal.

Previous Loan Details

Alejandro is a successful microentrepeneur and has taken six investment loans from the institution. He has a bakery that he began twelve years ago, and has three employees. He began his business with little income and a lot of struggles and challenges. He is growing his business to achieve his… More from Alejandro Isabel'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.

Tags

About Nicaragua

  • $3,636
    Average annual income
  • 151
    View loans »
    Nicaragua Loans Fundraising
  • $23,166,475
    Funds lent in using Kiva
  • 25.0
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $825 helped Alejandro Isabel to make improvements to his bakery and to buy flour by the kilo.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 13, 2013
Listed
Oct 17, 2013
Currency Exchange Loss:
Possible
Ended:
Oct 17, 2014