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Luz Del Mundo Group
In this Group: Concepción, Quira, Lucia
The Luz del Mundo (Light of the World) Communal Bank is comprised of three hard-working, tenacious, and enterprising people. Concepción is one of them. She is 38 years old, and she has been selling fish in the bustling eastern market for approximately 20 years.

María has four children. The two youngest, 10 and 13 years old, live with her.

She will use the loan to buy dried fish, which is in season for Holy Week.

Quira, age 25, is another member of the group. She has been selling fish since the year 2000. She started out buying, and now she fishes.

Lucia is the other member of the group. She has been selling stuffed animals for seven years.
View original language description ↓
El grupo Luz del Mundo lo conforman tres personas trabajadoras, esforzadas y emprendedoras una de ellas es la señora Concepción de 38 años se dedica a la venta de pescado en el populoso mercado oriental desde hace 20 años aproximadamente.
Concepcion tiene cuatro hijos de los cuales los dos menores de 10 y 13 años viven con ella. Ella invertirá el crédito en pescado seco lo cual está en temporada por la semana santa.
Las otras integrantes del grupo son Quira de 25 años desde 2,000 se dedica a la venta de pescado el cual inicio comprando y ahora ella pesca y Lucia desde hace 7 años vende peluches.

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.

This is a Group Loan

In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.

Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.

About Nicaragua

  • $4,800
    Average annual income
  • 102
    View loans »
    Nicaragua Loans Fundraising
  • $24,739,175
    Funds lent in using Kiva
  • 22.1
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of Luz Del Mundo Group's $950 loan helped a member to buy dried fish in preparation for Easter Week, salt, gasoline.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Mar 23, 2011
Mar 28, 2011
Currency Exchange Loss:
Nov 16, 2011