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De Los Angeles Group
In this Group: María Luisa, Jacqueline, Sonia

Update on De Los Angeles Group

Two years ago Jacqueline started a grocery store out of her home, but she started selling clothing five years ago. She started buying products for her store with her earnings. She is 27 years old and has two children, ages 2 and 6. She will use the money from this loan to buy products such as basic grains like rice and beans, sugar, cooking oil, beef, chicken, sausages, milk products, etc. María Luisa sells clothing, nacatamales, and soup on the weekends. Sonia sells Avon and Vogue cosmetics and other things.
View original language description ↓
Hace 2 años Jacqueline inicio su pulpería en su domicilio , peros hace cinco años comenzó vendiendo ropa, con sus ganancias fue comprando productos para su pulpería quien lo logro. Tiene 27 años, es casada con dos hijos de 2 y 6 años de edad, el crédito lo invertirá en la compra de productos como granos básicos como arroz, frijoles, azúcar, aceite, carne de res, carne de pollo, embutidos, productos lácteos etc. María Luisa vende ropa, nacatamales, sopas los fines de semanas, Sonia vende cosméticos de la Avon, Vogue, y oro laminados

Previous Loan Details

The group Los Ángeles consists of three hardworking entrepreneurs. One of them is Jaqueline who is 26 years old. Five years ago she began selling clothing and cosmetics. Two years ago with the earnings she set up a little grocery store and she will use the money from the loan to invest in it. She… More from De Los Angeles 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
  • 61
    View loans »
    Nicaragua Loans Fundraising
  • $23,441,425
    Funds lent in using Kiva
  • 24.1
    Nicaragua Cordobas (NIO) = $1 USD