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Hojalatería Group
In this Group: Ruth Fonseca , María Del Carmen, Eugenia

Update on Hojalatería Group

The Metalworkers Group is made up of three small business owners who are active and entrepreneurial with their businesses, like Ms. Ruth, age 37. She makes skillets and pans of all sizes and types and also sells men's, women's and children's clothing. She also buys and sells crops of tamarind. She is married with two children, who along with her husband help her run the business. She also has workers, which provides employment to heads of households. She will use this loan to purchase materials like aluminum, clothing, and tamarind. María and Carmen also make skillets and pans, while Eugenia Yamileth buys and sells tamarind.
View original language description ↓
EL grupo solidario Hojalatería está formado por tres microempresarios activos y emprendedores en sus negocios como doña Ruth de 37 años que se dedica a la elaboración de sartenes de todos los tamaños y formas además comercializa ropa nueva de ambos sexos y edades, y vende y compra cosechas de tamarindo es casada y tiene dos hijos quienes a la par de su esposo le ayudan en el negocio, cuenta con trabajadores quienes provee de empleos a cabezas de familia. Este crédito lo utilizara en la compra de materia prima como metal aluminio, ropa y cosechas de tamarindo.
María del Carmen también fabrica sartenes, Eugenia Yamileth compra y vende cosechas de tamarindo.

Previous Loan Details

The Hojalatería Group ("plumber") is composed of three women who produce frying pans: Ruth F. L., María del Carmen F. and Marcia Marbelly G.. Over the past three years they took out twelve loans from the microfinance institution ADIM, which resulted in a marked improvement of their business. ... More from Hojalatería 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
  • $25,407,250
    Funds lent in using Kiva
  • 23.8
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of Hojalatería Group's $1,150 loan helped a member to purchase materials like aluminum, clothing, and tamarind.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Sep 12, 2012
Oct 11, 2012
Currency Exchange Loss:
Apr 17, 2013