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Estrella Resplandeciente Group
In this Group: María , Martha Lidia, Consuelo , Teresa

Update on Estrella Resplandeciente Group

This is a group composed of three members. One of them is María Elena; she is 55 years old, married, and has three children who are already adults. In the past, she worked as a seamstress; currently, she sells various new clothing and shoes. She will invest the loan in the purchase of various clothing and shoes. Martha has a sewing shop, Teresa sells Avon cosmetics, and Consuelo also sells cosmetics from Avon.
View original language description ↓
Es un grupo formado por tres socias una de ellas es María Elena tiene 55 años de edad, casada y con tres hijos ya adultos. En el pasado se dedicaba a la costura actualmente se dedica a vender ropa nueva variada y zapatos. El crédito lo invertirá en la compra de ropa variada, zapatos, Martha tiene un taller de costura y Teresa vende cosméticos de la Avon y Consuelo tambien cosmeticos de la Avon tambien.

Previous Loan Details

Estrella Resplandeciente Group is made up of four hardworking and enterprising people. One of them is María Elena, who has worked making bedding for 15 years. She started the business selling clothing and then learned sewing and began to make bedding. She will invest the loan in buying fabric,... More from Estrella Resplandeciente 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
  • 90
    View loans »
    Nicaragua Loans Fundraising
  • $24,741,875
    Funds lent in using Kiva
  • 24.1
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of Estrella Resplandeciente Group's $850 loan helped a member to buy fabric, elastic, and thread.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 9, 2012
Listed
Jan 1, 2013
Currency Exchange Loss:
Covered
Ended:
May 17, 2013