Rosa De Saron Group
Update on Rosa De Saron GroupThis lending group is made up of five successful members. Ivania is the coordinator. She is 39 years old, married, and mother to two sons whom she supports. For four years she has sold food from her home. She is requesting a loan to purchase ingredients such as rice, beans, cooking oil, green plantains, mature plantains, beets, carrots, lettuce, etc. Through loans, she has been able to support her business and increase her earnings. Other members are: Dora, age 60, who has a grocery in her home, Lissette, age 31, who sells shoes and clothing in her neighborhood, Marling, age 42, who sells soft drinks and snacks from her home, and Maria, age 66, who makes and sells enchiladas in her home and in the neighborhood.
Previous Loan DetailsThis group comprises four members, who are all enterprising women. Ana del Socorro has been a member for the past 10 years. She sells nacatamales (Nicaraguan tamales) and soup at the weekends from her home and as a mobile vendor. She is a single mother. She will invest the loan to buy raw mat... More from Rosa De Saron 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