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Emprendedoras Group
In this Group: Yelba Del Socorro , María Auxiliadora, Manuel Salvadora

Update on Emprendedoras Group

María Auxiliadora is an enterprising woman who has been selling clothing and Avon cosmetics for the past five years. She is 53 years old and the single mother of two children, ages 27 and 21. She currently sells stationary supplies out of her home. She will use the money from this loan to buy cosmetics, clothing, and stationary supplies such as binders, mechanical pencils, construction paper, fasteners, etc. Yelba makes blankets and sells sandals, soft drinks, ice, eggs, etc. Manuel sells lottery tickets and is a dog race trainer.
View original language description ↓
María Auxiliadora es una mujer emprendedora que se dedica a vender ropa, cosméticos desde hace cinco años, tiene 53 años de edad, madre soltera con tres hijos de 02 ,27 y 21 años de edad. Hace cinco años inicia su negocio vendiendo cosméticos de la Avon y ropa, actualmente vende productos de librerías en su domicilio. El crédito lo invertirá en la compra de cosméticos, ropa y productos de librerías como cuadernos, lapiceros, cartulinas, fastener, etc., Yelba fabrica cobertores, vende sandalias, gaseosas, hielo, huevos etc. y Manuel vende loterías y es entrenador de canino de raza.

Previous Loan Details

The "Emprendedoras" group has three hardworking, enterprising members. One of them is María Auxiliadora who has been a teacher for many years and for the last ten years has had a modest school for English learning. She also started to sell cosmetics six years ago. She will invest the… More from Emprendedoras 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
  • 175
    View loans »
    Nicaragua Loans Fundraising
  • $23,230,250
    Funds lent in using Kiva
  • 24.1
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of Emprendedoras Group's $1,800 loan helped a member to buy stationary supplies.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 9, 2012
Listed
Jan 1, 2013
Currency Exchange Loss:
Covered
Ended:
Aug 17, 2013