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Buena Vista Group
In this Group: Meylin Del Socorro , Maria Jose, Brenda Patricia

Update on Buena Vista Group

This group is made up of three members who are successful entrepreneurs. One of these is Brenda who has been selling cosmetics, i.e. Avon, Zermat and Vogue products, for ten years. She has a daughter and is a single mother. She will invest the loan in the purchase of Avon cosmetics, such as body, hand and face creams, perfume for men and women, etc.

The other members are Meylin, who sells new clothing and silver items and Maria José, who sells clothing, perfume and basic grains.
View original language description ↓
Grupo formado por tres socias emprendedoras de éxito una de ellas es Brenda que se dedica a vender cosméticos de la Avon, zermat, Vogue desde hace 10 años, tiene una hija es madre soltera, el crédito lo invertirá en la compra de cosméticos de la Avon como crema para cuerpo, crema para manos, crema para la cara, perfumen de varón y perfumen de dama etc.Meylin vende ropa nueva, prendas de platas y María José vende ropa, perfumen y granos básicos.

Previous Loan Details

The Buena Vista group is comprised of three hardworking, enterprising people. One of them is Mayling del Socorro who has been selling assorted merchandise like clothes, shoes and articles for the last seven years. The other group members are Brenda who sells cosmetics and clothes and María ... More from Buena Vista 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
  • 123
    View loans »
    Nicaragua Loans Fundraising
  • $23,830,900
    Funds lent in using Kiva
  • 24.3
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of Buena Vista Group's $2,000 loan helped a member to buy Avon Cosmetics, such as body, hand and face creams, perfume for men and women, etc.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 31, 2013
Listed
Mar 1, 2013
Currency Exchange Loss:
Covered
Ended:
Aug 17, 2013