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Filipenses 4.13 Group
In this Group: Ena, Rafaela, Martin

Update on Filipenses 4.13 Group

The Filipenses Group is made up of three enterprising small business owners, one of whom is Ms. Ena who sells new and used clothing. She's been at this work for two years, making her sales on foot around the Mercado Oriental. Before this, she was a homemaker. She will invest this new loan in buying bundles of used clothing, which will offer more variety to her customers. The other members are Rafaela Argentina, who has been selling shoes for 10 years, and Martin José, who has been selling clothing on credit for 18 years.
View original language description ↓
El grupo Filipenses está formado por tres microempresarios emprendedores, uno de ellas es doña Ena que se dedica a vender ropa usada y ropa nueva, esta actividad la viene realizando desde hace dos años, las comercializa ambulante en el mercado oriental. Antes era ama de casa. Este nuevo crédito lo invertirá en la compra de pacas de ropa usada en la cual ofrecerá más variedad a sus clientes.

Las otras integrantes son Rafaela Argentina que vende zapatos desde hace diez años, y Martin José tiene una línea de ropa al crédito desde hace 18 años.

Previous Loan Details

The 'Filipenses 4:3' (Philippians 4:3) community bank consists of three hard-working, entrepreneurial people. One of these people is 39-year-old Ena del Socorro who has been selling used and new clothing for two years. She will invest this loan in her business and buy merchandise. Ena says t... More from Filipenses 4.13 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
  • 69
    View loans »
    Nicaragua Loans Fundraising
  • $25,075,600
    Funds lent in using Kiva
  • 23.8
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of Filipenses 4.13 Group's $850 loan helped a member to buy bundles of used clothing (shirts, pants and dresses).
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
Sep 12, 2012
Oct 11, 2012
Currency Exchange Loss:
Jan 19, 2013