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Crisantemo Group
In this Group: Oscar , Marbelly , Leopoldo

Update on Crisantemo Group

This group consists of three members who are proactive micro-entrepreneurs. One of them is Oscar. He is 44 years old, married, and has four children. Both the older and younger children help with the business. For the past 20 years, Oscar has been selling natural and artificial flowers at one of the most crowded markets in the capital. His wife also helps with the business. Oscar has been a client of ADIM for six years. His loan will be invested in the purchase of roses, chrysanthemums, daisies, artificial flowers, hydrangeas, tulips, sunflowers, and other products.

Marbelly is 31 years old and has a business of selling cosmetics and clothing. Leopoldo is 43 years old and has a business of selling basic grains.

View original language description ↓
Grupo formado por microempresarios proactivos, son tres socios que se dedica uno de ellos es Oscar es casado, tiene 44 años de edad, con cuatro hijos mayores y menores que le ayudan en el negocio desde hace 20 años se dedica a vender flores naturales y artificiales en un mercado populoso de la capital, junto a su esposa que también le ayuda en el negocio, de igual manera tiene 6 años de ser cliente de la institución, el crédito lo invertirá en la compra de rosas, crisantemos, margaritas, flores artificiales, mil flores, tulipán, girasoles etc. Marbelly tiene 31 años de edad y su negocio es la venta de cosméticos y venta de ropa y Leopoldo tiene 43 años de edad y su negocio es la venta de granos básicos.

Previous Loan Details

The Crisantemo Group is made up of three hard-working, entrepreneurial people. Oscar Enrique is 42 years old and a member of this group; he runs a flower selling business in one of Managua's largest markets. He and his wife have been running this business together for 20 years. Oscar has three c... More from Crisantemo 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
  • $25,390,325
    Funds lent in using Kiva
  • 24.9
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of Crisantemo Group's $1,300 loan helped a member to buy roses, chrysanthemums, daisies, artificial flowers, hydrangeas, tulips, sunflowers, and other products.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Mar 15, 2013
Apr 12, 2013
Currency Exchange Loss:
Nov 17, 2013