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El Museo Group
In this Group: Ileana , Flor De Maria , Mariela

Update on El Museo Group

This group is comprised of three enterprising members. One of them is Ileana, a 34-year-old woman who is married and has three children (ages 18, 9, and 3). She runs a grocery store and has been buying and selling scrap metal for seven years. Her daughter and her husband look after the grocery store. Ileana has been a member of the communal bank for four years. She needs this loan to buy staple grains such as rice, sugar, oil, soda, soap, toilet paper, chicken meat, dairy products, etc.

Flor is a 58-year-old woman who has a business selling tortillas and Avon products. Mariela is a 38-year-old woman who sells cosmetics and scrap metal.
View original language description ↓
El grupo está conformado por tres socias emprendedoras una de ellas es Ileana mujer de 34 años de edad, acompañada, con tres hijos de 18, 9 y 3 años, su negocio es una pulpería y compra y venta de chatarras desde hace 7 años, su hija y su esposo atiende la pulpería. Tiene 4 años de ser cliente de la institución, el crédito lo requiere para la compra de granos básicos como arroz, azúcar, aceite, gaseosa, jabón, papel higiénico, carne de pollo, productos lácteos, etc. Flor mujer de 58 años de edad su negocio es la venta de tortillas y cosméticos de Avon y Mariela mujer de 32 años de edad su negocio es la venta de cosméticos y prendas de plata.

Previous Loan Details

This is a group consisting of three people. One of them is Ileana who has a grocery store and also buys and sells scrap metal. She’s been in business six years. She started the store with profits generated from the scrap metal business. She gradually bought grocery items on a small scale. ... More from El Museo 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
  • 101
    View loans »
    Nicaragua Loans Fundraising
  • $24,397,050
    Funds lent in using Kiva
  • 25.0
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of El Museo Group's $1,050 loan helped a member to buy staple grains such as rice, sugar, oil, soda, soap, toilet paper, chicken meat, dairy products, etc.
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 16, 2013
Listed
Sep 27, 2013
Currency Exchange Loss:
Covered
Ended:
Dec 20, 2013