La Corona Group
Update on La Corona GroupThe group consists of three partners, all business owners, one of whom is Silvia, who is a 39-year-old single mother who has a 16-year-old son. She has been selling cell phones and top-up cards in her community for more than 7 years. She has been a member of the institution for 2 years. She is requesting the loan to buy more up-to-date cell phones and to increase her stock. Jairo is 44 years old and works selling sodas, and Aracely is 34 years old and works as a pork butcher.
Previous Loan DetailsThe group La Corona comprises Silvia, who sells refills; Aracely, who works butchering pork; and Jairo, who sells food. Aracely is a hard worker and an enterprising woman who has been selling pork products such as meat, tamales, blood sausage, pork rinds, etc. for ten years. She will invest th... More from La Corona 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