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Yurem Group
In this Group: Martha, Zulmira, Luz

Update on Yurem Group

The Yurem group is made up of three hardworking, entrepreneurial persons. Zulmira is one of them and has been selling clothing for the past five years. She is married and has two children, ages 5 and 7. Both attend school.

The other members are Martha, who has been selling second-hand clothing and Avon products for five years; and Luz, who has had a general store for five years.
View original language description ↓
El grupo Yurem lo conforman tres personas trabajadoras y emprendedoras una de ellas es Zulmira quien se dedica al comercio de ropa desde hace 5 años. Ella es casada y tiene dos hijos de 5 y 7 años de edad los cuales estudian.
Las otra integrantes son Martha quien vende ropa usada y venta de productos Avon desde hace 5 años y Luz quien tiene una pulpería desde hace 5 años.

Previous Loan Details

Three hardworking women make up the Yurem loan group. One of them is María José G. V., who is 21 years old and runs a small bakery. She learned this profession from her husband, who inherited the bakery from his parents. She considers it to be a family business and works hard to get ahead and giv... More from Yurem 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
  • 75
    View loans »
    Nicaragua Loans Fundraising
  • $25,413,450
    Funds lent in using Kiva
  • 23.6
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of Yurem Group's $1,625 loan helped a member to buy clothing for resale.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Jun 20, 2012
Aug 2, 2012
Currency Exchange Loss:
Jan 19, 2013