Mi Banquito Group
Update on Mi Banquito GroupThis group is made up of four members. Maria Luisa is one of them. She is 43 years old, married, and has three children, ages 14, 11, and 9. She has had a store for ten years and her parents help her man it when she is not there. She has been with the institution for five years and needs this loan to buy basic grains and sugar, cooking oil, rice, soap, coffee, bathroom tissue, soft drinks, cigarettes, matches, fried pork rinds, and cell phone recharges.
Aracely is 40 years old and she sells pigs on the hoof.
Maria is 58 and does custom sewing.
Vilma is 35 years old and she sells ice in quantity.
Previous Loan DetailsThis group is comprised of six enterprising, successful micro-entrepreneurs, one of which is María Luis. She is 43, married and has three minor children. For ten years she has been running a grocery store out of her home and before that she sold Avon products. She has been a member of the lend... More from Mi Banquito 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