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Amor Al Trabajo Group
In this Group: Jose Arnoldo, Karla Vanessa , Rosa Matilde, Arlin Yaoska

Update on Amor Al Trabajo Group

This group is made up of four enterprising members. One of them is Karla. She is 32 and married with one child. Her business is a grocery store located in her home, which she has had for a year. She will use this loan to invest in buying inventory, such as rice, beans, sugar, oil, salt, bread, sweet bread, chicken, dairy products, popular medicines, corn flour, candies, sodas, canned juices, juice cartons, washing soap, detergent, bleach, etc.

Arlin is 24 and her business is selling basic products. Another member, Rosa, is 44 and her business is selling nacatamales. Jose is 47 and his business is buying tamarind crops.

Thanks to Kiva investors for the support they have given through their loans, the group has achieved an ability to include a variety of products in their inventories.
View original language description ↓
Grupo formado por cuatros socios emprendedores una de ella es Karla tiene 32 años de edad, con un hijo, casada, su negocio es de una pulpería ubicada en su domicilio, tiene un año de tener su negocio, este crédito lo invertirá en la compra de inventario como granos como arroz, frijoles, azúcar, aceite, sal, pan, pan dulce, carne de res, carne de pollo, productos lácteos, medicamentos populares, maizenas, caramelos, gaseosas, jugo en latas, jugo en cajas, jabon de baño, jabon de lavar, ace, cloro, Arlinn tiene 24 años de edad y su negocio es la venta de productos básicos, Rosa es otra socia tiene 44 años y su negocio es la venta de nacatamales y Jose tiene 47 años y su negocio es la compra de cosechas de tamarindo.Agradecida con los inversionistas de Kiva por el apoyo brindado atraves del credito, lo que a logrado es que maneja una variedad de productos en inventarios.

Previous Loan Details

This group is made up of three enterprising members. One of them is Karla. She is 32 and married. She has had a small grocery store in her home for a year now. She started as a businesswoman, and then she saved her earnings to buy grocery products. She will invest the loan in purchasing rice, bea... More from Amor Al Trabajo 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
  • 97
    View loans »
    Nicaragua Loans Fundraising
  • $24,384,075
    Funds lent in using Kiva
  • 24.8
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of Amor Al Trabajo Group's $2,350 loan helped a member to invest in buying rice, beans, sugar, oil, salt, bread, sweet bread, chicken, dairy products, popular medicines, corn flour, caramels, sodas, canned juices, boxed juices, washing soap, detergent, bleach, etc.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 22, 2013
Listed
Jun 25, 2013
Currency Exchange Loss:
Covered
Ended:
Dec 20, 2013