Check out some available loans that are similar to this one!
Soberana Group
In this Group: María Antonia , Josefa Del Carmen , Margarita De Los Ángeles

Update on Soberana Group

The 'Sobeana' group is made up of three hard-working and entrepreneurial people. One of them is María Antonieta whose business is selling traditional sweet treats, 'cajeta' (a thickened syrup made of sweetened caramelised milk), atole (a traditional, corn-based hot drink), donuts, rice pudding and 'sopa borracha' (sponge cake soaked in syrup and rum). She has been in this business for five years. She will invest her loan in buying ingredients: milk, dulche de leche, coconut, corn, firewood, etc. so that she can make progress in her business.

María Antonieta is married and has five children. She currently cares for her four youngest who are 16, 13, 12 and 5.

The other members of this group are Josefa, who has been selling food and soft drinks for 10 years, and Margarita, who has been selling shoes for 7 years.
View original language description ↓
El grupo Sobeana lo conforman tres personas trabajadoras y emprendedoras una de ellas es María Antonieta quien se dedica al comercio de dulces tradicionales cajeta, atol, buñuelos, arroz de leche, sopa de borracha desde hace 5 años. El crédito lo invertirá en materia prima leche, dulce, coco, maíz, leña…etc. Con el fin de salir adelante.
Ella es casada y tiene cinco hijos pero a su cargo están los cuatro menores de 5,12,13 y 16 años respectivamente.
Las otras integrantes son Josefa quien se dedica al comercio de comida y fresco desde hace 10 años y Margarita quien vende zapatos desde hace 7 años.

Previous Loan Details

The “Soberana” (Sovereign) Group consists of three hardworking women. One of them is María Antonia S. García, who sells traditional sweets such as “cajetas” (a sweet gelatin), “leche burra” (toffee made from milk), “melocha” (molasses candy), etc. She started this business in order to help pay ... More from Soberana 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
  • 77
    View loans »
    Nicaragua Loans Fundraising
  • $25,413,450
    Funds lent in using Kiva
  • 23.1
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of Soberana Group's $1,050 loan helped a member to buy ingredients (milk, dulce de leche, corn, firewood, etc.).
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Jan 31, 2012
Feb 18, 2012
Currency Exchange Loss:
Aug 16, 2012