Update on Genesis GroupThis group is made up of three hardworking members and is coordinated by Señor Manfield who is 25 years old. He is married, and has a son who is his motivation to get ahead so he can offer him a better quality of life. He works making bags and belts in his home and in the neighbouring country of Costa Rica. He relies on his wife (the mother of his son) for making the products.
He is asking for this loan in order to buy materials such as fabric, zippers, lining, thread, buckles, decorative elements, etc. The other members are Señora Fabiola who is 32 years old and sells clothing and cosmetics on a street stall, and Eliezer, who is 26 years old and sells footwear in his country, and in Costa Rica.
Previous Loan DetailsEliezer is one of the four members who make up this group. He is 25 years old and single, with a young son who is his responsibility. His business for four years has been making and selling footwear in a section of the local market in Masaya. He has been a client of this institution for a year. H... More from Genesis 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