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Las Margaritas Group
In this Group: Rosa Betania, Margarita, Jessica Noelia

Update on Las Margaritas Group

This group is formed by three entrepreneurial women partners, one of which is Rosa. Rosa has a small factory making mop heads. She has three workers that she pays for production. She is 44 years old and has two children who are studying. She has had the business for 10 years; previously she worked as a housewife. The loan will be invested in the purchase of raw material like bags, fabric for bands, string for sewing, etc. Margarita sells tortillas, fried pork with tortillas, sodas, juices, bagged milk, deep-fried pork rinds, etc. And Jessica sells used clothing in her home and bookstore items.
View original language description ↓
Grupo formado por tres socias emprendedoras una de ellas es Rosa que tiene una pequeña fábrica de mechas de lampazo, tiene tres trabajadores quienes les paga por producción, es una mujer que tiene 44 años y dos hijos quienes estudian, tiene 10 años de tener el negocio anteriormente trabajaba como ama de casa, el crédito lo invertirá en la compra de materia prima como bolsas, tela para la banda, hilos de coser etc. Margarita vende tortillas, frito de cerdo con tortillas, gaseosas, jugos, leche en bolsa, chicharon etc. y Jessica vende ropas usada en su domicilio y articulos de libreria.

Previous Loan Details

This group is comprised of three successful members. Rosa Betania is one of them. She has had a small factory making mop heads for ten years. She has three employees, who earn according to production. The products are sold at different markets and businesses in the areas surrounding her home.... More from Las Margaritas 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
  • 24.3
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of Las Margaritas Group's $1,950 loan helped a member to invest in the purchase of raw material like bags, fabric for bands, string for sewing, etc.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Feb 15, 2013
Apr 1, 2013
Currency Exchange Loss:
Aug 17, 2013