Estrella De Luz Group
Update on Estrella De Luz GroupThe 'Estrella de Luz' group is made up of three hard-working, entrepreneurial people. The group coordinator is 64-year-old Marlene who has been selling used clothing, snacks, ice and iced treats for approximately six years. This cheerful lady has eight children, two of whom help her in her business. She mentions that, thanks to the loans she has received, she has been able to use her profits to make improvements to her home. She would currently like to invest in setting up a food sales business which she will run on weekends.
The other members of this group are 33-year-old Zeneyda, who has run an eatery for several years, and Heyling, who set up an eatery one year ago.
Actualmente ella desea invertir en la poner una venta de comida los fines de semana.
Las otras integrantes son Zeneyda de 33 años la cual tiene una comideria desde hace varios años y Heyling quien hace un año inicio una comideria.
Previous Loan DetailsThe group “Estrella de Luz” (Star of Light) consists of three hardworking and enterprising individuals. One of them is Marlene, who has been selling new and used clothing, trinkets, yogurt, and food for approximately eight years. She will invest her loan in each one of her businesses, but prima... More from Estrella De Luz Group's previous loan »
About ADIMLocated 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.
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