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El Tucán Group
In this Group: Digmara, Luz Marina, Karen Fabiola

Update on El Tucán Group

The group consists of three business partners. One of these partners is Digmara, a woman of 33 years of age. She has two children aged six and three. Her business is selling tortillas from her home which she has done for five years. She has been a customer of this microfinance institution for five years, and she requests this loan to buy firewood, a bushel of corn, and lime to make tortillas. Luz is a 44-year-old woman whose business is the sale of fruits and vegetables, and Karen is a young woman of 22 years who has a business selling used clothing.
View original language description ↓
El grupo lo conforman tres socias de negocio una de ellas es Digmara mujer de 33 años de edad, acompañada, con dos hijos de 6 y 3 años, su negocio es la venta de tortillas en su domicilio desde hace 5 años. Tiene de ser cliente de la institución 5 años, el crédito lo solicita para comprar fletes de leña, quintal de maíz, cal. Luz mujer de 44 años de edad su negocio es la venta de frutas y verduras y Karen joven de 22 años su negocio es la venta de ropa usada.

Previous Loan Details

The Tucan Group consists of three hardworking and enterprising people. One of them is Digmara who has had a tortilla store for seven years and has also sold firewood for one year. From the early hours in the morning, she prepares the stove and begins clapping the tortillas for that morning. At l... More from El Tucán 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
  • 126
    View loans »
    Nicaragua Loans Fundraising
  • $24,553,900
    Funds lent in using Kiva
  • 25.4
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of El Tucán Group's $1,750 loan helped a member to purchase firewood, corn, and lime to make tortillas.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 12, 2013
Listed
Sep 27, 2013
Currency Exchange Loss:
Covered
Ended:
May 17, 2014