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Girasoles Group
In this Group: Patricia, Ana, Bismar De Jesus, Yamir Isidro

Update on Girasoles Group

The group is made up of four members, one of whom is Bismar. He is 45 years old and single with two children, ages 24 and 9. His business has been selling clothing for more than eight years. He has been a client of the institution for seven years. He will invest this loan in buying bundles of pants and shirts to sell.

Yamir is 27 and his business is selling fruits. Ana is 24 and her business is selling used clothing. Patricia is 32 and she sells used clothing.
View original language description ↓
El grupo está conformado por cuatros socios uno de ellos es Bismar hombre de 45 años de edad, soltero, tiene dos hijos de 24 y 9 años de edad. Su negocio es la venta de ropa desde hace 8 años. Es cliente de la institución desde hace 7 años. Este crédito lo invertirá en comprar por paca los pantalones y camisas para vender. Yamir tiene 27 años de edad y su negocio es la venta de frutas, Ana mujer de 24 años y su negocio es la venta de ropa usada y Patricia tiene 32 años de edad y su negocio es la venta de ropa usada

Previous Loan Details

The Sunflower Group has three hard-working members who come from Masaya, city of the flowers. One of them is Patricia García, who is 29 years old and works selling used clothing. Thanks to loans, her business has been growing. With this loan, she would like to purchase fashionable clothes and… More from Girasoles 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
  • 76
    View loans »
    Nicaragua Loans Fundraising
  • $23,451,300
    Funds lent in using Kiva
  • 25.1
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of Girasoles Group's $1,850 loan helped a member to buy second-hand clothing like pants and shirts in bundles.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 22, 2013
Listed
Jul 18, 2013
Currency Exchange Loss:
Covered
Ended:
Mar 17, 2014