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Primero Dios Group
In this Group: Rolando Avelino, Maria Luisa, Damaso Abba

Update on Primero Dios Group

This group is made up of three entrepreneurial members, one of them is Dámaso. He is 57 years old, married and has five grown children. He has been selling basic grains like beans and corn by the pound. He began as a farmer raising these crops and now he has his own storefront in his local market. He has been with this institution for 5 years and he will invest his credit in purchasing basic grains like beans and corn. Rolando, another member, is 50 years old and has his own shoe repair store and Maria Luisa sells sandals and shoes door to door and from her house.
View original language description ↓
Grupo formado por tres socios emprendedores uno de ellos es Dámaso hombre de 57 años casado, con cinco hijos mayores tiene 11 años de dedicarse a la comercialización y venta de granos básicos como frijoles por quintales y maíz también por quintal, inicio como agricultor de esos productos actualmente acopia para su comercialización en el mercado de su localidad, de estar con la institución son cinco años, el crédito lo invertirá en la compra de granos como el frijol y maíz respectivamente, Rolando tiene 50 años es propietario de un taller de calzado y María Luisa vende sandalias y zapatos ambulante y en su domicilio.

Previous Loan Details

This group is formed by three successful entrepreneurial partners. Damaso Abba is 56 and sells corn, beans and also grows these crops, he has done this activity for 10 years. The loan will be used to buy corn, beans and to buy post harvest fertilizer. More from Primero Dios 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
  • 24.5
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of Primero Dios Group's $1,325 loan helped a member purchase basic grains like beans and corn.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Feb 15, 2013
Apr 1, 2013
Currency Exchange Loss:
Sep 27, 2013