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Torre Group
In this Group: María Elena, Cándido José, Martha Ercilia

Update on Torre Group

The Las Torres (The Towers) group is made up of three hard-working and enterprising people.

One of them is Martha Ercilia, age 46. She has a “fritanga”, a popular fried food restaurant. She also sells ice and firewood. She started this business by selling soup on Mondays, Saturdays, and Sundays. Then she started to make tacos, sliced plantains, and enchildadas, etc. In addition to that she has a barber shop that her son runs.

She will use the loan to make improvements to her business. She will mainly change the roof on her business, buy a stove, and buy products for the barber shop.

Martha has five children. Three of them are minors, ages 19, 16, and 3, and they go to school.

Her fellow group members are María, age 54,who sells typical Nicaraguan sweets and Cándido, who has been peddling sweets for 20 years.
View original language description ↓
El grupo la Torre lo conforman tres personas trabajadoras y emprendedoras una de ellas es Martha Ercilia de 46 años quien tiene una fritanga, restaurante popular que consiste en comida frita, vende hielo y leña. Este negocio lo inicio con la venta de sopa los lunes, sábados y domingo luego empezó a realizar tacos, tajadas, enchiladas…etc. Además tiene una barbería la cual administra su hijo.
Ella invertirá el crédito en mejoras al negocio principalmente cambiar el techo del negocio, comprar un cocina y productos para la barbería.
Martha tiene 5 hijos de los cuales tres son menores de 19, 16 y 3 años los cuales estudian.
Los otros integrantes son María de 54 años quien tiene una dulcería donde produce los típicos postres nicaragüense las cajetas, pillo quinto, atol, buñuelos….etc. y Candido quien es buhonero de golosinas desde hace 20 años.

Previous Loan Details

The Las Torres (The Towers) group is made up of three hard-working people. One of them is Martha Ercilia. She has sold food for the last three years and used profits from her business in the market to set up an eatery. She will use the requested funds to buy rice, cooking oil, meat, vegetable... More from Torre 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
  • 94
    View loans »
    Nicaragua Loans Fundraising
  • $25,011,000
    Funds lent in using Kiva
  • 23.3
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of Torre Group's $2,325 loan helped a member to change the roof on her business, buy a stove, and buy products for the barber shop.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Apr 30, 2012
May 12, 2012
Currency Exchange Loss:
Jan 19, 2013