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Golondrinas Group
In this Group: Rebeca, Yamileth, Carolina

Update on Golondrinas Group

Yamileth is a 37-year old woman and member of a group made of three entrepreneurs. She lives with her life partner and has run a grocery store in her house for 8 years now (she was a housewife before).

She's been a client of the institution for 4 years and has always been punctual and responsible in her payments. Thanks to her previous loan, she was able to make improvements to her house by changing the ceiling, painting and tiling the area where she has her business. She will use the requested loan to buy beef and chicken meats, mortadella, dairy products and a display cabinet to sell sandals. Her goal and dream is to have her own groceries distribution business.

Carolina is 23 years old and owns a grocery store in her house. Rebeca also owns a grocery store and makes and sells tortillas.
View original language description ↓
Grupo formado por tres socias emprendedora una de ellas es Yamileth tiene 37 años de edad, acompañada tiene 8 años de tener una pulpería en su domicilio, de ser cliente de la institución tiene 4 años puntual y responsable en sus pagos, anteriormente su ocupación es ser ama de casa, los logros personales que alcanzo con el crédito anterior fueron realizo mejoras de su vivienda con el cambio de techo, pintura, embaldoso el local donde tiene su negocio. El crédito lo invertirá en la compra de carnes de res, carne de pollo, mortadela, productos lácteos, compra de una vitrina de vidrio para comprar sandalias, sus metas y sueños es tener su distribuidora de abarrotes. Carolina tiene 23 años de edad tiene una pulpería en su domicilio y Rebeca tiene una pulpería y hace y vende tortillas.

Previous Loan Details

The “Golondrinas” (The Swallows) group has three hardworking, enterprising members. One of them is Yamileth who sells snacks and small products. She used the previous loan to buy display cases and replace the store’s roof. She wants to use this one to stock it with a greater variety of produ... More from Golondrinas 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
  • 90
    View loans »
    Nicaragua Loans Fundraising
  • $24,741,875
    Funds lent in using Kiva
  • 24.6
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of Golondrinas Group's $2,450 loan helped a member to buy grains such as rice, beans, sugar, oil, chicken, beef, mortadella, dairy products and a display cabinet to sell sandals.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 28, 2013
Listed
Apr 1, 2013
Currency Exchange Loss:
Covered
Ended:
Oct 17, 2013