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José María

Update on José María

Jose Maria is a hard working and entrepreneurial man. He has been working in agriculture for 40 years, a trade he learned from his parents. With this loan he will invest in inputs to prepare his land to primarily to plant corn and yuca. He will buy manure, urea, insecticides, and tools to extract roots to prepare the soil.
View original language description ↓
El señor José María es trabajador y emprendedor. Él es agricultor actividad que viene realizando desde hace 40 años la cual aprendió de sus padres. El crédito lo invertir en insumos para preparar la tierra para la siembra de maíz y yuca entre lo principal que comprara es abono completo, urea, insecticidas, limpia y el periodo de arranque.

Previous Loan Details

In 1990 Mr. Jose Maria decided to work in farming. He began this business because he had worked as a food broker previously and was very familiar with the process. Currently this 47-year old gentleman, along with one of his sons, plants 5 fields: 2 are corn, 1 is yucca, and the other 2 are bean... More from José María'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
  • 42
    View loans »
    Nicaragua Loans Fundraising
  • $26,238,100
    Funds lent in using Kiva
  • 23.3
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $950 helped José María to buy farming supplies such as compost, urea, and insecticides.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
At end of term
Mar 23, 2012
Apr 23, 2012
Currency Exchange Loss:
Oct 15, 2012