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Brisas De Mayo Group
In this Group: Ivonne Del Carmen, Cristoffer Humberto, Juana Mercedes

Update on Brisas De Mayo Group

The group is formed of three entrepreneurial members, one of whom is Juana, a 52-year-old woman, married. For 25 years, her business has been selling a variety of products such as plastic things, big towels, plastic glasses, spoons, gossip magazines, colanders, strainers, small buckets, plastic mops, and flip flops. She sells her products in the Masaya market. She is requesting the loan to invest in making fast food, such as hamburgers, hot dogs, little chickens, sodas, and purchasing all styles of flip flops. Cristoffer is a 19-year-old man, and his business is selling plastic items, and Ivonne is a 44-year-old woman, and her business is selling beef.
View original language description ↓
Grupo formado por tres socios emprendedores uno de ellos es Juana mujer de 52 años de edad, acompañada. Su negocio es la venta de productos varios tales como articuloes de plásticos, toallas grandes,vasos de plasticos, cucharas, prensa ropa,coladores, rayadores, baldes pequeños, lampazos de plasticos, chinelas de hule, desde hace 25 años de experiencias en el negocio. Sus productos los comercializa ambulante en el mercado de Masaya, el crédito lo solicita para invertir en hacer comidas rápidas tales como hamburguesas, hotdog, gallitos, gaseosas y comprar chinelas de hule de todo estilo. Cristoffer hombre de 19 años de edad y su negocio es la venta de plástico y Ivonne mujer de 44 años de edad y su negocio es la venta de carne de res.

Previous Loan Details

Juana is a successful and enterprising micro-entrepreneur, she belongs to a group made up of three members, each of whom have small businesses. Juana has a partner, she is 52 years old, and she makes a living selling various products from door-to-door. She has worked in this business for 12 years,… More from Brisas De Mayo 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
  • 161
    View loans »
    Nicaragua Loans Fundraising
  • $23,183,925
    Funds lent in using Kiva
  • 25.3
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of Brisas De Mayo Group's $950 loan helped a member purchase basic materials for fast food, such as sliced bread, chorizo, bologna, sandwich spread, mayonnaise, mustard, tomato sauce, onions, yellow cheese, hot sauce, napkins, disposable plates, etc.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 4, 2013
Listed
Aug 17, 2013
Currency Exchange Loss:
Covered
Ended:
Apr 16, 2014