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Jehova Nice Group
In this Group: Angela, Rosa, María Magdalena, Nora Amalia, Esperanza

Update on Jehova Nice Group

This is a group that is made up of five members, who are all small-business owners. One of them is Angela, who has been running a small grocery store out of her home for the past 20 years. She is 57 years old and has one adult child. She will use the loan to buy basic grains such as rice, beans, sugar, oil, toilet paper, beef, chicken meat, etc.

Esperanza has a small grocery store that she runs out of her home; Nora Amalia has been selling chicken meat for the past 20 years; María Magdalena has been making and selling tortillas and cornmeal for the past 15 years; and Rosa has been selling silver jewelry for the past 5 years.
View original language description ↓
Grupo Solidario formado por cinco miembros microempresarios una de ellas es Angela quien tiene una pulpería desde hace 20 años en su domicilio, tiene 57 años y con un hijo mayor, el crédito lo invertirá en la compra de granos básicos como arroz, frijoles, azúcar, aceite, papel higiénico, carne de res, carne de pollo, etc. Esperanza tiene una pulpería en su domicilio, Nora Amalia vende pollos en piezas desde hace 20 años, María Magdalena hace y vende tortilla, pinolillo desde hace 15 años, Rosa vende joyas de plata desde hace 5 años.

Previous Loan Details

The Jehová Nice communal bank is comprised of five hard-working and enterprising people. Ángela Dominga is one of them. She has had a grocery store for approximately 30 years. She will use the loan to buy various products. The other members are: Rosa Antonio – has been selling silver… More from Jehova Nice 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
  • 172
    View loans »
    Nicaragua Loans Fundraising
  • $23,211,000
    Funds lent in using Kiva
  • 24.0
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of Jehova Nice Group's $2,600 loan helped a member to buy grains such as rice, beans, sugar, oil, toilet paper, beef, and chicken meat in pieces.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 31, 2012
Listed
Jan 1, 2013
Currency Exchange Loss:
Covered
Ended:
Aug 17, 2013