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Hossana Group
In this Group: Socorro , Patricia , Ana María

Update on Hossana Group

Ana, 40, who is the coordinator of the “Hossana” group stated: “I started out selling bread, coffee and eggs and gradually have been able to grow. I used the previous loan to improve the infrastructure installing tile and metal grilles.” She opened her grocery store five years ago and has gradually expanded it. She’ll invest this loan in clothes.

The other group members are Socorro who has sold perfume and shoes for five years and Patricia who sells used clothes.
View original language description ↓
“Inicie con la venta de pan, café y huevo, poco a poco he logrado aumentarlo con el crédito anterior mejore la infra estructura embaldose y puse verjas.” Dijo la señora Ana de 40 años, quien es coordinadora del grupo Hossana. Ella inicio con la pulpería hace 5 años la cual ha ido aumentando con este crédito invertirá en ropa.
Las otras integrantes son Socorro quien vende perfumes y zapatos desde hace 5 años y Patricia quien vende ropa usada.

Previous Loan Details

The Hosana group consists of Ana A. who has a small store, Socorro B. sells cosmetics and clothing and Patricia sells clothing. They wish to start the new year with work, strength and hope of continuing working in order to grow their businesses. For this reason they will work hard from the first ... More from Hossana 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
  • 77
    View loans »
    Nicaragua Loans Fundraising
  • $25,406,150
    Funds lent in using Kiva
  • 23.8
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of Hossana Group's $1,400 loan helped a member to buy clothes.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Aug 11, 2012
Sep 18, 2012
Currency Exchange Loss:
Mar 15, 2013