Check out some available loans that are similar to this one!
El Faisán Group
In this Group: Lourdes Del Socorro , Rosa Alvara , Jessy

Update on El Faisán Group

This group consists of three members. One of them is Lourdes, 37. She’s single and has a minor son. Her business for the last 20 years has been selling perishables in the market. She’s been a client of the institution for 8 years. She requests the loan to buy sacks of onions, potatoes, carrots, peppers, tomatoes, etc. Rosa, 38, sells perishables and Jessi, 31, sells perishables.
View original language description ↓
El grupo está formado por tres socias una de ellas es Lourde de 37 años de edad, soltera con un hijo menor de edad. Su negocio es la venta de perecederos desde hace 20 años. Sus productos los comercializa en el mercado. Tiene 8 años de ser cliente de la institución. El crédito lo solicita para invertir en sacos de cebolla, papa, zanahoria, chiltoma, tomate, etc. Rosa tiene 38 años de edad y su negocio es venta de perecederos y Jessi tiene 31 años de edad y su negocio es venta de perecederos.

Previous Loan Details

The 'El Faisán' (Pheasant) group is made up of three hard-working, entrepreneurial women. One of them is Jessy who has been selling fruit and vegetables for nine years. She sells tomatoes, melons, passion fruit, bananas, carrots, oranges, squashes, celery, cucumbers, potatoes, onions, baby swee... More from El Faisán 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
  • 124
    View loans »
    Nicaragua Loans Fundraising
  • $24,544,375
    Funds lent in using Kiva
  • 25.1
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of El Faisán Group's $2,200 loan helped a member to buy vegetables.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 22, 2013
Listed
Jul 18, 2013
Currency Exchange Loss:
Covered
Ended:
Dec 20, 2013