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Deymi Group
In this Group: Keny, Araceli, Marina

Update on Deymi Group

The communal bank group Deymi consists of 3 hardworking and determined women one of whom is Keny who started off by selling soup and vajo (a tradition Nicaraguan dish of meat, green plantains and yuca) at the weekends and subsequently with the loans started to sell fritangas (fried pork ribs served with rice and beans). With the loan, she will buy vegetables, meat, bones, tortillas, cabbage, rice, oil, etc.

The other members of the group are Araceli Carolina who has sold dry grains, fruit and vegetables for the last 7 years and Marina del Socorro who has been selling clothes and silver for the last year.
View original language description ↓
El grupo Deymi lo conforman tres mujeres trabajadora y emprendedoras una de ellas es Keny quien inicio vendiendo sopa y vaho los fines de semana luego con los prestamos empezó a vender fritangas. Ella con el préstamo comprará verduras, carne, hueso, tortillas, repollo, arroz, aceite…etc.
Las otras integrantes es Araceli Carolina vende granos básicos, frutas y verduras desde hace 7 años y Marina del Socorro vende ropa y plata desde hace 1 año.

Previous Loan Details

The Deymi Group consists of four hardworking women: Keny, Deimy, Araceli, and Marina. The group coordinator is Sra. Keny, age 23. She sells food and soup on the weekends. In addition, she manages a small store. Keny started her business selling potato cakes and has been able to expand by uti... More from Deymi 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

  • $4,800
    Average annual income
  • 122
    View loans »
    Nicaragua Loans Fundraising
  • $24,546,650
    Funds lent in using Kiva
  • 22.9
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of Deymi Group's $850 loan helped a member to buy vegetables, meat, bones, tortillas, cabbage, rice, oil, etc.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 18, 2011
Listed
Nov 28, 2011
Currency Exchange Loss:
Covered
Ended:
May 15, 2012