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Filipenses 4:13 Group
In this Group: Rosa Ramona, Rosa Argentina, Francisco Miguel, Adelina Beatriz

Update on Filipenses 4:13 Group

Rosa is dedicated to selling new and used clothing. Additionally, she sells small bananas by the bag where she has three sellers who generate jobs for heads of households to provide daily. She is a member of the group Filipenses 4:13 made up of four entrepreneurial members. The loan will be invested in the purchase of new and used clothing and large quantities of bananas, firewood, plastic bags, oil, cheese, etc. Rosa Argentina sells vegetables and snacks. Adelina also sells new and used clothing. Francisco has a metal shop where he makes gates, fences, etc.
View original language description ↓
Doña Rosa se dedica a la venta de ropa nueva y usada además vende platanitos en bolsa donde tiene 3 vendedores quienes genera empleos a cabezas de familia para la subsistencia del día a día, socia de grupo solidario filipenses 4 13 formado por cuatros socios emprendedores el crédito lo invertirá en la compra de ropa nueva y usada, y grandes cantidades de plátanos, leñas, bolsas plásticas, aceite, queso etc. Rosa Argentina vende verduras y chiverías, Adelina vende también ropa nueva y usada, Francisco tiene un taller metalúrgico donde hace portones, verjas etc.

Previous Loan Details

The "Filipenses 4:13" ("Philippians 4:13") is made up of three hard-working and enterprising individuals. The coordinator of the group is José Antonio, aged 25, who has some savings from his business selling a variety of things such as fruit, soup and food. He is married and has a 5 month old b... 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

  • $3,636
    Average annual income
  • 126
    View loans »
    Nicaragua Loans Fundraising
  • $23,810,675
    Funds lent in using Kiva
  • 23.9
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of Filipenses 4:13 Group's $1,600 loan helped a member to buy new and used clothing, large quantities of green banana, firewood, plastic bags, oil, cheese.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 29, 2012
Listed
Nov 4, 2012
Currency Exchange Loss:
Covered
Ended:
Apr 17, 2013