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Onda De Luz Group
In this Group: Tania Veronica, Elizabeth, Rosa Esther, Teodora Norma

Update on Onda De Luz Group

This group is made up of four enterprising women. Rosa is one of them and sells clothing, shoes, and sandals, and has been doing this for three years around her community. She is married and has five adult children who help her sell. She will use the money from this loan to buy new clothing of different styles, different styles of shoes and sandals.

Elizabeth sells sandals and fried foods on the weekends. Tania sells trout and cosmetics on the southern border of the country. Teodora has a grocery store in her home.
View original language description ↓
Grupo formado por cuatros socias emprendedoras una de ellas es Rosa se dedica a vender ropa, zapato, sandalias, desde hace tres años ambulante y en su comunidad, es una mujer casada con 5 hijos mayores quienes le ayudan a vender los productos, el crédito lo invertirá en la compra de ropa nueva, variada, diferentes estilos, zapatos variados, y sandalias variadas y diferentes estilos, Elizabeth vende sandalia y venta de fritanga los fines de semanas, Tania vende truchas y cosméticos en la frontera sur de nuestro país y Teodora tiene una pulpería en su domicilio.

Previous Loan Details

The Ondas de Luz communal bank is made up of four hardworking and enterprising people, one of whom is Sra. Geydi Elizabeth, 25, who has been selling underwear for 8 years. She started this business with her mother who is a merchant and she learned from her. In addition, her 7 year old son has bee... More from Onda De Luz 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
  • 24.0
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of Onda De Luz Group's $1,850 loan helped a member to buy clothing.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Dec 18, 2012
Feb 1, 2013
Currency Exchange Loss:
Jun 17, 2013