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Michael Group
In this Group: Carmen, Rebeca, Paula

Update on Michael Group

The Michael group is made up of three hard working and enterprising members. One of them is Carmen Idalia, who has a video games store. She will use the loan to improve her store, buy equipment, furniture...etc.

The other members are: Rebeca, who produces wooden handicrafts, a business she started 4 years ago, and Paula Emilia, who has produced and sells handicrafts for 8 years.
View original language description ↓
El grupo Michael lo conforman tres personas trabajadoras y emprendedoras una de ellas es Carmen Idalia quien tiene un local de video juegos en el cual invertirá el crédito con mejoras al local, compra de equipo, muebles…etc.
Las otras integrantes son Rebeca quien elabora artesanías de maderas negocio que inicio hace 4 años y Paula Emilia quien desde hace 8 años elabora y vende artesanías.

Previous Loan Details

The Michael group has four hard working members. One of them is Agne Janette A. José, 42, who has made and sold carved wood handicrafts for the last 15 years. She started the business when she met her husband who worked for his mother as a wood carver. She dreams with investing in internationa... More from Michael 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
  • 68
    View loans »
    Nicaragua Loans Fundraising
  • $25,075,600
    Funds lent in using Kiva
  • 23.3
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of Michael Group's $1,125 loan helped a member to improve her store and buy equipment and furniture.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Mar 29, 2012
Apr 25, 2012
Currency Exchange Loss:
Dec 15, 2012