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Armonia Group
In this Group: Ana Luisa , Juan Francisco, Arlen Maria

Update on Armonia Group

This group is made up of three successful small business owners. One of them is Arlen, a 30-year-old woman in a common-law marriage. She has a child. For four years her business has been selling soda and drinks; she has been a client of this institution for three years. The loan requested is for buying cases of soda of various sizes and flavors, and for buying fruits to make the soft drinks such as papayas, passion fruit, oranges, melons, pineapple, etc.

Ana is a 34-year-old woman whose business is selling vegetables, and Juan is a 66-year-old man whose business is selling the traditional cornmeal and cacao-based drinks pinol and pinolillo, as well as cereal.
View original language description ↓
El grupo lo conforman tres socios microempresarios exitosos uno de ellos es Arlen mujer de 30 años de edad, vive en unión libre, tiene un hijo, su negocio es la venta de gaseosas y refrescos desde hace 4 años. Tiene de ser cliente de la institución 3 años, el crédito lo está solicitando para la compra de cajillas de gaseosa de diferente tamaño y sabores y compra de frutas para elaborar los refrescos tales como papaya, granadilla, naranja, melón, piña, etc. Ana mujer de 34 años de edad su negocio es la venta de verduras y Juan hombre de 66 años su negocio es la venta de pinol, pinolillo y cereal.

Previous Loan Details

This group is made up of three enterprising individuals. One of these is Arlen, who has sold fizzy drinks and natural soft drinks for the past four years. Arlen began selling these products in her home in small quantities, and used her earnings to buy more products until the amount she has toda... More from Armonia 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
  • 97
    View loans »
    Nicaragua Loans Fundraising
  • $24,800,300
    Funds lent in using Kiva
  • 25.5
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of Armonia Group's $1,650 loan helped a member to invest in buying fruits such as papayas, passion fruit, oranges, melons, pineapple, sugar, dyes, etc.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Aug 28, 2013
Oct 17, 2013
Currency Exchange Loss:
Apr 16, 2014