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Los Garci Group
In this Group: Mayra, Juan, Manuel Enriques

Update on Los Garci Group

The group is made up of three enterprising partners. One of these is Mayra, a 29 year old woman in a committed relationship with two children aged 8 and 3. Her business of three years is clothing, food, and nacatamales [a special kind of tamale] sales.

She has been a client of this institution for ten years. She will invest this loan in the purchase of raw materials for nacatamales like a quintal [~100 pounds] of maize, leaves, twine, and pork.

Juan is a 34-year-old man whose business is artisan baskets, and Manuel is a 50-year-old man whose business is a grocery.
View original language description ↓
El grupo está formado por tres socios emprendedores una de ellos es Mayra mujer de 29 años de edad, acompañada, con dos hijos de 8 y 3 años. Su negocio es la venta de ropa nueva, comida y nacatamales desde hace 3 años. Tiene 10 años de ser cliente de la institución. Este crédito lo invertirá en la compra de materia prima para los nacatamales como es quintal de maíz, hojas, mecates, matanza y venta de cerdo. Juan hombre de 34 años de edad, su negocio es artesano de canasto y Manuel tiene 50 años de edad y su negocio es una pulpería.

Previous Loan Details

The group is made up of three hard-working and enterprising people. One of them is Mayra del Carmen who has sold clothes for a living for the past 5 years. She is married to Don Eddy, with whom she has two children. She will invest the loan in merchandise, in particular pants and blouses. T... More from Los Garci 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
  • 149
    View loans »
    Nicaragua Loans Fundraising
  • $24,071,325
    Funds lent in using Kiva
  • 25.2
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of Los Garci Group's $575 loan helped a member to invest in the purchase of raw materials for nacatamales like a quintal of maize, leaves, twine, and pork.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 14, 2013
Listed
Jul 18, 2013
Currency Exchange Loss:
Covered
Ended:
Dec 20, 2013