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Camino De Luz Group
In this Group: Mildred, Maria, Mireya

Update on Camino De Luz Group

This is a group formed by three members. One of them is Mildred who is 27-years-old, married and has a six-year-old son. She’s sold beef, Avon cosmetics and new clothes for 18 months. She will use the loan to buy a head of cattle and to buy shoes, clothes and cosmetics to order.

Mireya sells sandals and new clothes and María Magnolia sells clothes and sandals.
View original language description ↓
Grupo formado por tres socias una de ellas es Mildred quien tiene 27 años de edad, es casada y tiene un hijo menor de 6 años, se dedica a vender carne de res, cosméticos de la Avon, ropa nueva desde 18 meses, el crédito lo solicita para invertir en la compra de una res, y compra de zapatos, ropa, cosméticos por encargos. Mireya vende sandalias, y ropa nueva, Maria Magnolia vende ropa y sandalias.

Previous Loan Details

The group, "Camino de Luz" [Walk of Light] is comprised of three hard-working and enterprising people. One of them is Mildred, who is 27 and has made a living selling Avon and Oriflame products and clothing for four months. She started the business with her mother and currently she manages it. ... More from Camino De Luz 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
  • 66
    View loans »
    Nicaragua Loans Fundraising
  • $25,382,700
    Funds lent in using Kiva
  • 24.0
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of Camino De Luz Group's $975 loan helped a member to buy a head of cattle, shoes, clothes and Avon cosmetics.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Oct 31, 2012
Dec 1, 2012
Currency Exchange Loss:
Apr 17, 2013
This photo was used before for a previous loan for Camino De Luz Group. It was first posted on Kiva on Apr, 2012. Learn More