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Los Almendros Del Coyolar Group
In this Group: Luisa María , Juana, Jose Alejandro

Update on Los Almendros Del Coyolar Group

This group has three members, all entrepreneurs. One of the members, Luisa, is 30 years old and runs a bakery. She has four children who help out with the business.

She will invest the loan in the purchase of raw materials for making bread, such as flour, raising agents, firewood, etc. Juana sells soft drinks and enchiladas on the street and from her home, and José Alejandro has a small grocery store located in his house.
View original language description ↓
Es un grupo formado por tres socios emprendedores una de ellas es Luisa quien tiene 30 años es una panadería es una mujer con cuatro hijos quienes le ayudan en el negocio, el crédito lo invertirá en la compra de materia prima para la elaboración de pan como es la harina, levaduras, leña etc. Juana vende gaseosas y enchiladas ambulantes y en su domicilio y José Alejandro tiene una pequeña pulpería en su domicilio

Previous Loan Details

The “Los Almendros del Coyolar” is composed of four hardworking people. One of them is José Mauricio, 42, who has owned a grocery store for the last 15 years. He will use his loan to buy rice, beans, sugar, oil, etc. The other group members are Francisco Antonio, 30, who sells vegetables, Lu... More from Los Almendros Del Coyolar 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
  • 79
    View loans »
    Nicaragua Loans Fundraising
  • $25,384,750
    Funds lent in using Kiva
  • 24.0
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of Los Almendros Del Coyolar Group's $1,150 loan helped a member to buy raw materials, such as flour, raising agents, firewood, etc.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Dec 20, 2012
Feb 1, 2013
Currency Exchange Loss:
Oct 17, 2013