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Yurem Group
In this Group: Martha, Zulmira, Luz

Update on Yurem Group

The group is comprised of three women entrepreneurs, one of whom is Zulmira, 28, who lives with her common-law husband and three children, ages 8, 6 and 8 months. She sells new clothing for a living and has been a client of the institution for five years, proving herself to be responsible in her loan payments. She will use this loan to buy more clothing such as pants, shirts, blouses, skirts, towels, socks, etc.

The other members are Martha, 42, who sells new and used clothing and Luz, 43, who is in the grocery business.
View original language description ↓
El grupo está formado por tres socias empresarias, una de ellas es Zulmira mujer de 28 años de edad, acompañada, con 3 hijos de 8, 6 años y 8 meses. Su negocio es la venta de ropa nueva. Tiene 5 años de ser cliente de la institución, ha demostrado ser una persona responsable en sus pagos. Este crédito lo invertirá en comprar más ropa como pantalones, camisas, blusas, faldas, toallas, calcetines, etc. Martha tiene 42 años de edad su negocio es la venta de ropa nueva y usada y Luz tiene 43 años de edad y su negocio es una pulpería.

Previous Loan Details

The Yurem group is made up of three hardworking, entrepreneurial persons. Zulmira is one of them and has been selling clothing for the past five years. She is married and has two children, ages 5 and 7. Both attend school. The other members are Martha, who has been selling second-hand cloth... More from Yurem 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
  • $25,413,450
    Funds lent in using Kiva
  • 25.2
    Nicaragua Cordobas (NIO) = $1 USD
A portion of Yurem Group's $2,125 loan helped a member to buy more clothing such as pants, shirts, blouses, skirts, towels, socks, etc.
Repayment Term
9 months (Additional Information)
Repayment Schedule
Jun 14, 2013
Jul 17, 2013
Currency Exchange Loss:
Aug 16, 2013