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Mejor Futuro Group
In this Group: Liliam, Solanlly, Miguel

Update on Mejor Futuro Group

The group el Mejor Futuro is comprised of three hard-working people.

Liliam is one of these people who sells perishable goods-- a business she started 3 years ago. She will invest her loan in potatoes, onions, yuca and chayote. She is married and has 2 children, ages 3 and 12. With the earnings stemming from her previous loan, she was able to build an addition to her home.

The other group members are Solanyi, who owns a small grocery store and Miguel, who sells firewood and perishable goods.
View original language description ↓
El grupo el Mejor Futuro está conformado por tres personas trabajadoras una de ellas es la señora Liliam quien se dedica a la venta de perecederos negocio que inicio hace 3 años. El crédito lo invertirá en papa, cebolla, yuca y chayote.
Ella está casada y tiene dos hijos de 3 y 12 años de edad respectivamente. Con las ganancias del crédito anterior realizo un anexo en su casa.
Las otras integrantes son Solanyi quien tiene una pulpería y Miguel quien vende leña y perecederos.

Previous Loan Details

The “Mejor Futuro” (Better Future) group is comprised of three hard-working and enterprising people. Liliam del Socorro is one of them. She sells vegetables at the Managua market. She will use the loan to buy merchandise. She is married to Juan Bautista, who works at the Tip-Top, and they h... More from Mejor Futuro 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
  • 113
    View loans »
    Nicaragua Loans Fundraising
  • $23,732,625
    Funds lent in using Kiva
  • 23.6
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of Mejor Futuro Group's $1,150 loan helped a member to buy vegetables.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 20, 2012
Listed
Aug 2, 2012
Currency Exchange Loss:
Covered
Ended:
Dec 15, 2012