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Mujeres Emprendedoras Group
In this Group: Mariela Del Socorro, Geydi Karina , Orlando Antonio

Update on Mujeres Emprendedoras Group

This group has three micro-entrepreneur members, one of whom is Mariela. She is 32 years old, in a relationship, and has two children who are 10 and 12 years old. For four years she has worked selling furniture and tamua. Her products are sold in a section of the artisan market in Mastepe, as well as in her house. She has been a client of the institution for 4 years, and has requested a loan to buy raw material to make tamua, a dish filled with rice, beef, tomato, bell pepper and onion.

Geydi is a 25-year-old woman who works in the business of selling food, and Orlando is a 27-year-old man whose business is selling dairy products.
View original language description ↓
Grupo formado por tres socios microempresarios uno de ellos es Mariela tiene 32 años de edad, acompañada, con dos hijos de 10 y 2 años, su negocio es la venta de muebles y tamua desde hace 4 años, sus productos los comercializa en un tramo en el mercado de artesanía de Masatepe y en su casa. Es cliente de la institución desde hace 4 años, el crédito lo solicita para comprar materia prima para la elaboración de tamua como es arroz, carne de res, tomate, chiltoma, cebolla. Geydi mujer de 25 años se dedica al negocio de la venta de comida y Orlando hombre de 27 años su negocio es la venta de productos lácteos.

Previous Loan Details

This group is formed by three successful partners; one of them is Maricela who is 32 years old, married with two small children. She has been a business owner for 4 years selling furniture of different types of materials and assortments such as wicker furniture set, cloverleaf and shell style… More from Mujeres Emprendedoras 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
  • 164
    View loans »
    Nicaragua Loans Fundraising
  • $23,187,275
    Funds lent in using Kiva
  • 25.0
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of Mujeres Emprendedoras Group's $2,425 loan helped a member to buy raw material to make tamua, a dish of rice, beef, tomato, bell pepper and onion.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 16, 2013
Listed
Oct 17, 2013
Currency Exchange Loss:
Covered
Ended:
Mar 17, 2014