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Dios Con Nosotros Group
In this Group: Mirna Rosa, Gloria Maria, Gloria Del Socorro

Update on Dios Con Nosotros Group

This group is composed of three entrepreneurs. One of them is Mirna, a 59 year old, married woman. Her business was only selling used clothing, but now she sells more variety, like fruit and soft drinks, besides selling clothing door to door, which she has been doing for 17 years. She has belonged to ADIM for 7 years.

Mirna is requesting this loan to buy inventory such as soft drinks, mango, oranges, papaya and clothing.

Gloria del Socorro is 62 years old and sells nacatamales (a local food). Gloria María is 53 years old and she sells used clothing.
View original language description ↓
El grupo lo forman tres socias microempresarias una de ellas es Mirna mujer de 59 años de edad, casada, su negocio antes era solo la venta ropa, ahora se dedica a vender variedades como frutas, gaseosas, y tambien ropa ambulante desde hace 17 años, tiene de ser cliente de la institución 7 años, el crédito lo está solicitando para la compra de inventario como cajillas de gaseosa, mango, naranja, papaya, y ropa. Gloria del Socorro mujer de 62 años su negocio es la venta de nacatamales y Gloria María tiene 53 años y su negocio es la venta de ropa usada.

Previous Loan Details

The group Dios con Nosotros (God with Us) is made up of three hardworking and enterprising people. One of them is Mirna who’s 58 years old. She’s been selling clothes and shoes for 5 years, and she began by selling used clothes. She works along with her young daughter and her husband, and she wil... More from Dios Con Nosotros 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.

Tags

About Nicaragua

  • $3,636
    Average annual income
  • 96
    View loans »
    Nicaragua Loans Fundraising
  • $24,384,075
    Funds lent in using Kiva
  • 25.5
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of Dios Con Nosotros Group's $1,850 loan helped a member to buy inventory such as cases of soft drinks, mango, oranges, papaya and clothing.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 23, 2013
Listed
Sep 27, 2013
Currency Exchange Loss:
Covered
Ended:
Apr 16, 2014