Check out other loans that are currently fundraising!
Karla Group
In this Group: Karla, Santos, Reyna Isabel

Update on Karla Group

The group is formed by three micro-businesswomen, one of whom is Santos who sells Avon cosmetics, Arabela products, and shoes. She has had her business for four years. She will invest the loan in Avon cosmetics such as shampoo, perfume, cologne, creams, etc.

Karla has a grocery store in her home and Reyna has a small bookstore, and sells fast food and Avon products.
View original language description ↓
Grupo formado por tres microempresarias una de ellas es Santos Evangelina quien vende cosméticos de la Avon, productos Arabela, ropa, zapatos tiene 4 años de tener su negocio. Invertirá el crédito en cosméticos de la Avon como champo, perfume, colonias, cremas etc. Karla tiene una pulpería en su domicilio y Reyna tiene una pequeña librería, vende comida rápida y productos de la Avon.

Previous Loan Details

This group is made up of three hard-working, entrepreneurial people. One of them is 48-year-old Santos who has been selling cosmetics and clothing for four years. She started out in her business selling cream and then expanded. She has one son who is 17 years old and differently abled. The ... More from Karla 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
  • 148
    View loans »
    Nicaragua Loans Fundraising
  • $24,079,275
    Funds lent in using Kiva
  • 24.0
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of Karla Group's $875 loan helped a member to buy Avon cosmetics such as shampoo, perfume, colognes, creams, etc.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 31, 2012
Listed
Jan 1, 2013
Currency Exchange Loss:
Covered
Ended:
Jun 17, 2013