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Las Nicaragüenses Group
In this Group: Nemesia, Ana Del Socorro, Yolanda

Update on Las Nicaragüenses Group

'Las Nicaraguenses' (The Nicaraguan Ladies) is a group of three hard-working women: Nemesia, Ana and Yolanda. Nemesia is the group's coordinator. Her business for the past ten years has been slaughtering pigs. Thanks to the help of her daughters-in-law, her business has been growing. She will invest her loan in buying pigs, firewood, corn, etc.

Ana has a grocery store. She started out in her business selling snacks 9 years ago. Yolanda has a small sales business that she would like to expand.
View original language description ↓
Las Nicaraguenses lo conforman tres mujeres trabajadoras ellas son Nemesia, Ana y Yolanda. La coordinadora del grupo es la señora Nemesia quien se dedica al destace de cerdo desde hace 10 años, negocio que con ayuda de sus nueras ha ido creciendo. Ella invertirá en cerdo, leña, maíz…etc.
La señora Ana tiene una pulpería la cual inicio con una pequeña venta de chiverías hace 9 años y Yolanda tiene una pequeña venta la cual desea aumentar.

Previous Loan Details

The "Las Nicaragüenses" group is made up of three hard-working and entrepreneurial women, who are originally from Masaya. The group coordinator is Señora Nemesia, who works in pork butchering and making pork products: scratchings, blood sausage, nacatamal (corn, meat and rice in a banana leaf),… More from Las Nicaragüenses 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
  • 174
    View loans »
    Nicaragua Loans Fundraising
  • $23,230,250
    Funds lent in using Kiva
  • 23.1
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of Las Nicaragüenses Group's $925 loan helped a member to buy pigs, corn, firewood, etc.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 31, 2012
Listed
Feb 18, 2012
Currency Exchange Loss:
Covered
Ended:
Aug 16, 2012