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Los Zensontles Group
In this Group: María Felix, María Del Rosario, Paula Del Carmen

Update on Los Zensontles Group

This group is made up of three members of micro businesses, one of whom is Paula, a 42 year old woman with a partner and two children of 22 and 17 years of age. She has sold Avon, Selza y Estilo cosmetics in her community for eight years and has been a client of this institution for seven. She needs this loan to buy Avon, Selza and Estilo cosmetics, perfumes for men and women, lingerie, eye shadow, mascara, eyebrow pencils, lipstick, nail polish etc.

María is a 60 year old woman who runs a business making and selling oven baked goods, while María del Rosario is a 46 year old woman who sells cosmetics for a living.
View original language description ↓
Este grupo lo conforman tres socias microempresarias una de ellas es Paula mujer de 42 años de edad, acompañada, con dos hijos de 22 y 17 años, su negocio es la venta de cosméticos de Avon, Selza y Estilo desde hace 8 años, sus productos los comercializa en su comunidad. Tiene de ser cliente de la institución 7 años. El crédito lo requiere para comprar al contado cosméticos de Avon, Selza y Estilo como perfumes de varón y damas, boddy, lencería, sombras, máscaras para pestañas, lápiz de cejas, labiales, pinturas de uñas, etc. María mujer de 60 años de edad su negocio es la elaboración y venta de cosa de horno y María del Rosario mujer de 46 años su negocio es la venta de cosméticos

Previous Loan Details

“I started out washing and ironing for people over four years ago and now, thanks to the loans, I sell cosmetics," says Paula. She is the coordinator of the group Zensontle. Her hard work and these loans have allowed her to get ahead. She will use this loan to purchase perfumes. The other memb... More from Los Zensontles 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
  • 137
    View loans »
    Nicaragua Loans Fundraising
  • $24,079,275
    Funds lent in using Kiva
  • 25.4
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of Los Zensontles Group's $1,475 loan helped a member to buy Avon, Selza and Estilo cosmetics in cash, perfumes for men and women, lingerie, eye shadow, mascara, eyebrow pencils, lipstick, nail polish etc.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 8, 2013
Listed
Sep 27, 2013
Currency Exchange Loss:
Covered
Ended:
Apr 16, 2014