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Damasco Group
In this Group: Ivania, Claudia, Emerita, Silvia

Update on Damasco Group

The Damasco Group is made up of hard-working and enterprising women, one of whom is 40-year-old Ivania who has been selling Nicaraguan tamales and perfume for six years. Her goal is to expand her business with more customers and to make her business self sufficient.

The other group members are Claudia, who sells clothes and natural remedies, Silvia, who sells pisque tamales and clothes, and Emerita, who sells clothes and sandals.
View original language description ↓
El grupo Damasco está conformado por mujeres trabajadora y emprendedora una de ellas es Ivania de 40 años quien vende nacatamales y perfumes desde hace 6 años. Su meta es expandir el negocio con más clientes y por hacer autosuficiente al negocio.
Las otras integrantes son Claudia quien vende ropa y medicamentos naturales, Silvia vende tamales pisque y vende ropa, y Emerita vende ropa y sandalias.

Previous Loan Details

The 'Damasco' group is made up of three hard-working women. One of them is 39 year-old Ivania who sells 'nacatamales' (Nicaraguan 'tamales' - steamed corn dumplings with a pork filling) on weekends, fried food every day of the week and clothes. She started her business when she lost her job 6 y... More from Damasco Group'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.

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

  • $3,636
    Average annual income
  • 142
    View loans »
    Nicaragua Loans Fundraising
  • $24,099,050
    Funds lent in using Kiva
  • 22.8
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of Damasco Group's $1,425 loan helped a member to buy corn, pork, basic grains, meat and clothes.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 18, 2011
Listed
Nov 22, 2011
Currency Exchange Loss:
Covered
Ended:
Jun 15, 2012