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Ignacia Group
In this Group: Ignacia, Guillermina, Griselda

Update on Ignacia Group

This group is made up of three enterprising members. One of these is Ignacia. She is 41 years old and the mother of a 10-year-old boy. She makes a living buying and selling tamarind crops, and storing basic grains. Ignacia has begun selling her fresh fruits in a nearby market.

She will invest this loan to buy tamarind crops.

Guillermina has a small general store in her house and Griselda raises and sells pigs.
View original language description ↓
Grupo formado por tres socias emprendedoras una de ella es Iganacia De la cruz de 41 años de edad, madre de un hijo tiene 10 años de compra y vende cosechas de tamarindo, y acopio de granos básicos, inicio vendiendo frutas frescas en un mercado de su localidad, el crédito lo invertirá en la compra de cosechas de tamarindo, Guillermina tiene una pulpería en su domicilio y Griselda tiene una crianza de cerdos compra y vende los cerdos en pie.

Previous Loan Details

The Ignacia group is made up of three hard working and enterprising members. One of them is Ignacia, who sells fruit and has had a furniture store for the last 6 years. She started her business by selling perishables and later invested in other products. This was made possible thanks to the lo... More from Ignacia 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
  • 77
    View loans »
    Nicaragua Loans Fundraising
  • $25,406,150
    Funds lent in using Kiva
  • 24.2
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of Ignacia Group's $975 loan helped a member to purchase seasonal crops.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Jan 11, 2013
Mar 1, 2013
Currency Exchange Loss:
Oct 17, 2013