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Sorpresa Group
In this Group: Carlos José, Xochilt Verónica, Louis Margarita

Update on Sorpresa Group

The group "Sorpresa" ("Surprise") is made up of three hardworking and enterprising people. One of them is Luis, who has had a grocery store for 12 years. He will invest the loan in buying merchandise, principally staple grains, dairy products, personal care products, and toiletries. The other group members are Carlos, who sells corn by-products such as corncobs, yoltamal (a type of tamale), tamales, etc. And also Xochilt, who has had a grocery store for 8 years.
View original language description ↓
El grupo Sorpresa lo conforman tres personas trabajadoras y emprendedoras uno de ellos es Luis quien tiene una pulpería desde hace 12 años e invertirá el crédito en comprar de mercadería principalmente granos básicos, productos lácteos, productos de uso personal y de aseó.
Los otro integrantes son Carlos quien vende derivados del maíz como elote, yoltamal, tamal…etc. Y Xochilt quien tiene una pulpería desde hace 8 años.

Previous Loan Details

The Sorpresa ["Surprise"] Group is composed of Carlos José G. E., who owns a small general store run from his home, Xochilt Verónica P., who also owns a small general store run from her home, and Louis Margarita More from Sorpresa 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
  • $23,211,000
    Funds lent in using Kiva
  • 23.3
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of Sorpresa Group's $1,775 loan helped a member to purchase inventory: staple grains, meat, dairy products, candy, etc.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Mar 29, 2012
Apr 25, 2012
Currency Exchange Loss:
Dec 15, 2012