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Jocotal Group
In this Group: Neli Susana, Lila, María Lucrecia

Update on Jocotal Group

This group is made up of three hard-working and entrepreneurial people. One of them is María Lucrecia who owns a grocery store. She started her business 17 years ago, selling vegetables such as sweet potatoes, 'ayote', 'pipian' (types of squash) and 'chayote' (vegetable pears). She is married and has four adult children.

María's goal is to make progress and improve her business, something she has gradually managed with her previous loans, using the profits to fix up her shelving and display cabinets. The other members of this group are 35-year-old Neli Susana, who sells cosmetics and perfumes, and 25-year-old Lila, who has been selling clothes for three years.
View original language description ↓
El grupo lo conforman tres personas trabajadoras y emprendedoras una de ella es María Lucrecia quien tiene una pulpería. Este negocio lo inicio hace 17 años con la venta de verduras desde yuca, pipian, ayote, chayote…etc. Ella es casada y tiene cuatro hijos mayores de edad.
Su meta es salir adelante y mejorar su negocio lo cual ha logrado poco a poco con el ultimo crédito con las ganancias condicionar los estantes y vitrinas.
Las otras integrantes son Neli Susana de 35 años quien vende cosméticos y perfumes, y Lila de 25 años se dedica al comercio de ropa desde hace 3 años.

Previous Loan Details

The communal bank "El Jocotal" is comprised of three hard-working women entrepreneurs, one of whom is Mrs. María Lucrecia, 49, who runs a grocery store. She sells rice, beans, sugar, chicken, soap, etc. and has been in business for 14 years. She started out with her own capital but has taken out… More from Jocotal 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
  • 160
    View loans »
    Nicaragua Loans Fundraising
  • $23,183,925
    Funds lent in using Kiva
  • 23.1
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of Jocotal Group's $1,050 loan helped a member to buy basic grains and other products to increase her business.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Jan 26, 2012
Feb 14, 2012
Currency Exchange Loss:
Jul 23, 2012