Prosperidad Y Bonanza Group
Update on Prosperidad Y Bonanza GroupThe solidarity group is composed of three working partners and is coordinated by Claudia who is 42 years of age and married. She works in refrigeration maintenance. Her main help in this is her husband who is a refrigeration engineer. The business has been established for 12 years. She is asking for the loan to buy oil and tools.
The group also includes, as partners, Katia who is 26 years old, sells new clothes and has a grocery store in her home and Ligia who sells new clothes from her home.
Previous Loan DetailsThis group is composed of 4 hard-working members. One of them is Katia. She is 25 years old and single. Her business is a small store which is incorporated into her house where she sells clothing and cosmetics. She has done this for the past year and a half. Katia is requesting this loan to buy p... More from Prosperidad Y Bonanza 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