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Rosada Group
In this Group: Lucrecia, Rosa , Maria Antonia

Update on Rosada Group

This group has three hard-working members. One of them is Lucrecia, who is a 52-year-old married woman with a 20-year-old son. For the past 20 years, she has been selling crafts in the market of Masaya. She has also been a client of the institution for 3 years. She needs the loan to buy canvas, national shirts and ceramics, as well as to make improvements to her business. Maria is 45 years old and works selling soda, and Rosa is 30 years old and sells eggs.
View original language description ↓
El grupo está formado por tres socias luchadoras una de ellas es Lucrecia mujer de 52 años de edad, casada, con un hijo de 20 años, su negocio es la venta de artesanía en un tramo del mercado de Masaya desde hace 20 años. Es cliente de la institución desde hace 3 años. El crédito lo solicita para comprar cuadros de pinturas, camisetas nacionales, cerámica y hacerle mejoras al negocio. María mujer de 45 años de edad se dedica al negocio de la venta de gaseosa y Rosa mujer de 30 años su negocio es la venta de huevo.

Previous Loan Details

This group is comprised of three enterprising and successful women. One of them is Rosa, who is a 43-year-old married woman with two children. For the past two years, she has been selling tortillas from her home. She has also been a client of the bank for two years. She will use the loan fund... More from Rosada 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
  • 96
    View loans »
    Nicaragua Loans Fundraising
  • $24,741,875
    Funds lent in using Kiva
  • 25.0
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of Rosada Group's $850 loan helped a member buy canvas, national shirts and ceramics, and to improve the structure of her business.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 16, 2013
Listed
Sep 27, 2013
Currency Exchange Loss:
Covered
Ended:
Jan 18, 2014