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Las Palomitas Group
In this Group: Maritza Del Carmen , Orfa Vanesa, Ana Veronica, Marjorie, Francisco

Update on Las Palomitas Group

The Las Palomitas (The Little Doves) group has five hard-working and enterprising members. The group’s coordinator is 41 year old Maritza. She has had a fried food business for 17 years. She started it with some savings and little by little, it has expanded. She will invest the loan in the purchase of wholesale oil, firewood, corn and plantains. She has three children who are 24, 22 and eight years old.
The other members include 35 year old Ana who sells dairy products. Member Marjorie has had a fried food store for four years. Member Olfa sells enchiladas and plantains and Member Francisco has a grocery store.
View original language description ↓
El grupo las palomitas lo conforman cinco personas trabajadoras y emprendedoras la coordinadora del grupo es la señora Maritza de 41 años quien tiene una fritanga desde hace 17 años la cual inicio con unos ahorros y poco apoco fue aumentándole. Ella invertirá el crédito en aceite, leña, maíz, plátano que comprar por mayor. Ella tiene tres hijos de 24, 22 y de 8 años.
Los otros integrantes son Ana de 35 años quien vende productos lácteos, Maryori quien tiene una fritanga desde hace 4 años, Olfa vende enchilada y platanitos y Francisco tiene una pulpería.

Previous Loan Details

Maritza del Carmen C., 38, is the Las Palomitas (The Little Doves) group leader. For the past 14 years she has prepared enchiladas, fried bananas and yucca and currently fries up her dishes and distributes them to schools and vendors. Orfa Vanesa D. C., 24, has worked her fried food stand ... More from Las Palomitas 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
  • 128
    View loans »
    Nicaragua Loans Fundraising
  • $24,576,775
    Funds lent in using Kiva
  • 23.3
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of Las Palomitas Group's $3,100 loan helped a member purchase wholesale oil, firewood, corn, plantains, etc.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 20, 2012
Listed
Apr 15, 2012
Currency Exchange Loss:
Covered
Ended:
Nov 16, 2012