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Chiltoma Group
In this Group: Consuelo, María, Veronica

Update on Chiltoma Group

The Chiltoma group is made up of three hardworking and entrepreneurial people. One of them is María Elena, who sells corn-based foods like nacatamales, tamales, yoltamal... etc. (traditional Honduran specialties made of cornmeal with spices and meats steamed in corn husks or palm leaves). This loan will be invested in ingredients, corn, pork, spices, firewood... etc.

The other members are Consuelo, who sells pork and starch and will invest in yucca, water, oil, and labor; and Veronica, who sells nacatamales, a traditional food whose principal ingredients are corn and pork.
View original language description ↓
El grupo Chiltoma está conformado por tres personas trabajadoras y emprendedoras una de ellas es María Elena quien vende derivados del maíz como nacatamales, tamales, yoitamal…etc. El crédito lo invertirá en ingredientes maíz, cerdo, especies, leña…etc.
Las otras integrantes son Consuelo quien vende cerdo y almidón e invertirá en yuca, agua, aceite, mano de obra; y Veronica vende nacatamales, comida típica a base de maíz y cerdo.

Previous Loan Details

The "Chiltoma" solidarity group is composed of Nubia Auxiliadora, Maria Elena and Consuelo del Carmen; three energetic and hard-working women. This group has been working with ADIM for 8 loan cycles, and they have shown themselves to be good, responsible clients. Nubia Auxiliadora, 24, is the... More from Chiltoma 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
  • 72
    View loans »
    Nicaragua Loans Fundraising
  • $23,669,925
    Funds lent in using Kiva
  • 23.3
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of Chiltoma Group's $1,000 loan helped a member to buy ingredients like corn, pork, spices, firewood... etc. to create nacatamales, a traditional dish.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 20, 2012
Listed
May 11, 2012
Currency Exchange Loss:
Covered
Ended:
Nov 16, 2012