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Veronica Group
In this Group: Veronica, Claudia, Katty

Update on Veronica Group

This group has three members, one of whom is Veronica, 42, and enterprising lady who has a business selling craft items. Veronica is married with three adult children, who help out with the business.

This loan will be used to buy embellishments for craft items such as butterflies, suns, moons, sunflowers, etc. Member Claudia also sells crafts, while Kitty sells national handicrafts.
View original language description ↓
Es un grupo formado por tres socias emprendedoras una de ellas es Verónica desde hace 24 años se dedica a vender productos de artesanías, es una mujer casada, con tres hijos mayores quienes le ayudan a vender en el negocio, el crédito lo invertirá en la compra de artesanías de adornos como mariposas, soles, lunas, girasoles, etc. Claudia también vende artesanías y Katty vende artesanías nacionales.

Previous Loan Details

The Veronica Group is made up of three hardworking and enterprising women. Their names are Verónica del Rosario, Claudia Vanessa, and Katty de los Ángeles, and they have been involved in the sale of arts and crafts for many years. The coordinator of the group is Verónica del Rosario who began... More from Veronica 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
  • 62
    View loans »
    Nicaragua Loans Fundraising
  • $25,382,700
    Funds lent in using Kiva
  • 24.1
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of Veronica Group's $1,875 loan helped a member to buy craft items, particularly pottery vases, floor-standing vases, sugar bowls, leather bags, bamboo curtains, etc.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Dec 12, 2012
Feb 1, 2013
Currency Exchange Loss:
Oct 17, 2013