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Rey De Reyes Group
In this Group: Maria Del Carmen, Luz Marina, Maria Xisela

Update on Rey De Reyes Group

This communal bank comprises three entrepreneurs, one of whom is 32-year-old María. She has been making and selling tortillas in her house for the past eight years. She will use this loan to buy corn, lime, wood, and more.

María del Carmen is 57 and has a small grocery shop and a mill. Luz Marina is 31 and sells beans and nacatamales.
View original language description ↓
Este grupo está formado por tres socias emprendedoras una de ellas es María mujer de 32años, casada, su negocio es la hecha y venta de tortillas en su domicilio que desde hace 8 años lo viene promoviendo, el crédito lo invertirá en la compra de maíz, cal, leña etc. María del Carmen tiene 57 años de edad y su negocio es la de una pulpería y un molino, Luz Marina tiene 31 años de edad y su negocio es la venta de frijoles y venta de nacatamales.




Previous Loan Details

The “Rey the Reyes” group is made up of three hardworking and enterprising people. Maria del Carmen is one of the members and she has had a general store for 18 years. She also has a mill. Her goal is to have a small supermarket and this loan will help her to stock her business. The other m... More from Rey De Reyes 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

  • $3,636
    Average annual income
  • 127
    View loans »
    Nicaragua Loans Fundraising
  • $24,035,950
    Funds lent in using Kiva
  • 24.9
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of Rey De Reyes Group's $1,225 loan helped a member to buy commodities such as corn, lime, wood, and more.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 17, 2013
Listed
Jun 10, 2013
Currency Exchange Loss:
Covered
Ended:
Nov 17, 2013