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Amalia Del Carmen

Update on Amalia Del Carmen

Amalia del Carmen is a hardworking and enterprising woman who owns a bakery. Her father started the business and when he died, she, together with her husband and her mother, continued running it.

The business has expanded a great deal during these eight years and they now sell a greater variety of products. Amalia will invest the loan in basic materials such as flour, sugar, molds…etc.
View original language description ↓
Amalia del Carmen es una mujer trabajadora y emprendedora propietaria de una panadería. Este negocio lo inicio su papá quien al morir ella junto a su esposo y mamá siguió con el negocio.
El cual en estos ocho años se ha ido desarrollando ampliamente ahora venden mayor cantidad de producto. Ella invertirá el crédito en materia prima harina, azúcar, moldes…etc.

Previous Loan Details

Amalia del Carmen P. V. is a young woman of just 26, but her years of experience belie her age. For the last eight years she has been working as a street vendor selling sweet and savoury bakery products. Many of her customers make their purchases from her on credit and then repay her on a weekly ... More from Amalia Del Carmen'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
  • 46
    View loans »
    Nicaragua Loans Fundraising
  • $26,258,500
    Funds lent in using Kiva
  • 22.9
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $450 helped Amalia Del Carmen to buy basic supplies: flour, sugar, molds....etc.
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
Dec 16, 2011
Dec 26, 2011
Currency Exchange Loss:
Apr 15, 2012