Check out some available loans that are similar to this one!
Villa De Suerte Group
In this Group: Gloria , Sandra, Janeth Del Socorro

Update on Villa De Suerte Group

This group comprises three members engaging in different businesses. Two years ago, Janeth, who previously sold fruit with her husband and son, started a lovely grocery store in her home. One of her dreams is to make the store larger and offer more inventory. She will use this loan to buy items such as rice, beans, oil, bath soap, laundry soap, toilet paper, and more.

Gloria sells used clothing and shoes; Sandra María has a grocery store.
View original language description ↓
Grupo formado por tres socias que se dedican cada quien a sus actividades de negocio una de ellas es Janeth que anteriormente su negocio era vender frutas su esposo e hijo le ayudaban en el negocio inicio hace dos años, actualmente tiene una hermosa pulpería en su casa y uno de sus sueños es convertirla en una miscelánea bien surtida, este crédito lo invertirá en comprar granos básicos como arroz, frijoles, aceite, azúcar, jabón de baño, jabón de lavar, papel higiénico et. Gloria vende ropa usada y calzado, Sandra María tiene una pulpería.

Previous Loan Details

Group 'Villa de Suerte' is formed by three hard working women. One of them is Janeth del Socorro, who is 41 years old. She has a small store which she started by selling mango and little by little extended. She has three children aged 19, 14 and 8 who study. The other members are Sandra, 42 ye... More from Villa De Suerte 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
  • 131
    View loans »
    Nicaragua Loans Fundraising
  • $24,054,525
    Funds lent in using Kiva
  • 23.9
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of Villa De Suerte Group's $975 loan helped a member to buy items such as rice, beans, oil, bath soap, laundry soap, and more.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 24, 2012
Listed
Nov 2, 2012
Currency Exchange Loss:
Covered
Ended:
Apr 17, 2013
This photo was used before for a previous loan for Villa De Suerte Group. It was first posted on Kiva on Mar, 2012. Learn More