Update on Nicaraguita GroupThis group consists of three hardworking members, coordinated by 22 year old Meyling. She is married and mother of two children ages 2 and 4. She sells AVON and Zermat cosmetics. With the loan she will buy a variety of products such as makeup, lipstick, nail polish, eye liner, eye shadow, blush, women's perfumes, men's colognes, and more. Another member is 37 year old Alexandra, who sells new clothing from her home and by order. And the third member is 47 year old Isidro who owns a shop that frames and mounts art, and his business is in his home.
Previous Loan DetailsThis group consists of three members. One of them is Meyling. She is 21 years old, married and has two children. She has made a living selling cosmetics for the last 6 months in her community. She is requesting this loan in order to buy perfumes, lotions, creams, make-up, lip balms and shampoo. ... More from Nicaraguita 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