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Armonia Ii Group
In this Group: Martha Lorena, Debora Rebeca, Claudia

Update on Armonia Ii Group

This group is composed of three hard-working members. Martha is 48 years old and is a single mother with five children ages 24, 12, 5, 7 and 22. They help her with the sale of wood and coal in bulk in the different markets of the capital. She also sells tortillas from her home. She makes and sells pozole (a type of hominy soup), and she has a small store. She has been making tortillas for 10 years and with that have come diverse business activities. She will invest her loan in the purchase of corn, beans, wood, coal, basics grains like rice, sugar, and oil etc. Another group member, Débora, makes and sells tortillas and makes tamales on the weekends. Claudia, the third member, sells cooked beans, wood, and curds.
View original language description ↓
Grupo formado por tres socias emprendedoras, Martha tiene 48 años de edad, es madre soltera con cinco hijos de 24, 12, 5,7 y 22 años quienes le ayudan en la comercialización de la venta de leña, carbón al por mayor en los diferentes mercados de la capital, además vende tortilla en su casa, hace y vende pozol y tiene una mini pulpería, tiene 10 años de echar tortillas de esa forma ha venido diversificando sus actividades. Invertirá el préstamo en la compra de maíz, frijoles, leña, carbón, granos básicos como arroz, azúcar, aceite, etc. Débora hecha y vende tortilla y hace nacatamales los fines de semanas y Claudia vende frijoles cocidos, leñas, cuajaditas en su domicilio.

Previous Loan Details

The “Armonía II” (Harmony II) group is composed of four hardworking, enterprising women. The group coordinator is Martha Lorena, 43, who has a grocery store; she also sells tortillas, vegetables and pork. She has five children four of which are minors aged 13, 10, 7 and 8 years who attend schoo... More from Armonia Ii 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
  • 91
    View loans »
    Nicaragua Loans Fundraising
  • $25,011,000
    Funds lent in using Kiva
  • 24.0
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of Armonia Ii Group's $1,775 loan helped a member to purchase corn, beans, wood, coal, basics grains like rice, sugar, and oil etc.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Oct 31, 2012
Jan 1, 2013
Currency Exchange Loss:
May 17, 2013