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Flor De Pino Group
In this Group: Paula, Edda, Sandra

Update on Flor De Pino Group

This group is made up of three small business owners. One of these is Paula. She is a 37-year-old woman with a partner and she has two children who are minors. For more than four years she has run her business selling cosmetics and new clothing. She will invest the loan in buying clothing such as men's trousers, women's trousers, men's t-shirts, women's tops, Hollister shirts, hand creams, body creams, facial creams, men's perfume, women's perfume etc.

Sandra is 33 years old and runs a small grocery store from her home and Edda is 36 years old and has a business selling clothing and cosmetics.
View original language description ↓
Este grupo está formado por tres microempresarias una de ellas es Paula es una mujer que tiene 37 años de edad, acompañada, tiene dos hijos menores, su negocio es la venta de cosméticos y venta de ropa nueva desde hace mas de 4 años, el crédito lo invertirá en la compra de ropa como pantalón de varón, pantalón de dama, camisetas de varón, blusas de damas, camisas Holister, cremas para manos, cremas para cuerpos, cremas faciales, perfumen de varón, perfumen de damas etc. Sandra tiene 33 años de edad y su negocio es una pulpería en su domicilio y Edda tiene 36 años de edad y su negocio es la venta de ropa y cosméticos.

Previous Loan Details

The “Flor de Pino” group is made up of four hardworking and enterprising people. One of them is Paula, who has been selling cosmetics for 4 years. She also works in a restaurant along with her husband, who is a cook there. She will invest the loan in the purchase of cosmetics. The other members ... More from Flor De Pino 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
  • 75
    View loans »
    Nicaragua Loans Fundraising
  • $25,413,450
    Funds lent in using Kiva
  • 25.1
    Nicaragua Cordobas (NIO) = $1 USD
A portion of Flor De Pino Group's $2,175 loan helped a member to buy clothing such as men's trousers, women's trousers, men's t-shirts, women's tops, Hollister shirts, hand cream, body cream, facial cream, men's perfume, women's perfume etc.
Repayment Term
9 months (Additional Information)
Repayment Schedule
May 10, 2013
Jun 3, 2013
Currency Exchange Loss:
Jul 3, 2013