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Petrona Del Socorro

Update on Petrona Del Socorro

Petrona, 52. is single and the mother of two sons, one who is 17 years old and the other is older and independent. Petrona makes her living creating shirts and sleeves in her house. She has eight paid workers and she requests the loan in order to buy cloth, thread, satin, elastics, trimmings, etc. With the previous loans, the partner was able to construct part of her house and acquire an industrial machine to increase the business. This has motivated her to continue borrowing from the institution.
View original language description ↓
La señora Petrona tiene 52 años de edad,es soltera y madre de dos hijos, un hijo de 17 años que esta bajo su cargo y el otro hijo es mayor de edad y es independiente. Petrona se dedica a la elaboración de camisas y mangas en su domicilio, tiene ocho trabajadores remunerados y solicita el crédito para la compra de materia prima como tela, hilo, satín, elásticos, adornos, etc., con los créditos anteriores la socia ha logrado construir parte de su vivienda y adquirio una maquina industrial para aumentar el negocio, esto la ha motivado para seguir prestando en la institución.

Previous Loan Details

Petrona, 51, is single with two children in her care. She is a hard-working entrepreneur who has been making and selling baseball uniforms at the eastern market, Rivas y Masatepe, for a year. She currently employs five workers at her sewing shop. The loan she is requesting is to buy an industr... More from Petrona Del Socorro's previous loan »

Additional Information

About ADIM

Located 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.

About Nicaragua

  • $4,800
    Average annual income
  • 125
    View loans »
    Nicaragua Loans Fundraising
  • $24,553,900
    Funds lent in using Kiva
  • 25.7
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $975 helped Petrona Del Socorro to buy cloth, thread, satin, elastics, trimmings, etc.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 8, 2014
Listed
May 28, 2014
Currency Exchange Loss:
Possible
Ended:
Mar 17, 2015
This photo was used before for a previous loan for Petrona Del Socorro. It was first posted on Kiva on Oct, 2013. Learn More