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Leonidas Group
In this Group: Fatima Patricia, Jeovany Francisco, Narcisa

Update on Leonidas Group

This group consists of three hard-working and entrepreneurial members. One of them is Jeovany who is 37 years old, married, and has two children. His businesses are masonry and selling chicken, in pieces and whole, since one year back. He is requesting this loan in order to buy wholesale chicken in pieces, whole, legs, drumsticks, breasts, etc.

Fátima is a 34-year-old woman and her business is selling vegetables. Narcisa is a 48-year-old woman and her business is to sell miscellaneous products and custard.
View original language description ↓
El grupo lo conforman tres socios trabajadores y emprendedores uno de ellos es Jeovany tiene 37 años de edad, casado, con dos hijos, su negocio es albañilería y comerciante de pollo en piezas, enteros desde hace un 1 año, el crédito lo requiere para la compra al por mayor de carne de pollo en piezas, enteros, piernas, muslos, pechugas etc. Fátima mujer de 34 años de edad su negocio es la venta de verduras y Narcisa mujer de 48 años su negocio es la venta de productos varios y atolillo.

Previous Loan Details

This group consists of four members. One of them is Erving, who is 30 years old, married, and has one young child. His business is a carpentry workshop where he has five salaried employees. His loan will be invested in raw materials such as wood, sandpaper, thinner, sealant, and white glue. ... More from Leonidas 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
  • 65
    View loans »
    Nicaragua Loans Fundraising
  • $23,480,375
    Funds lent in using Kiva
  • 25.5
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of Leonidas Group's $675 loan helped a member to buy wholesale chicken such as whole chickens, chicken in pieces, legs, drumsticks, breasts, etc.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 28, 2013
Listed
Sep 29, 2013
Currency Exchange Loss:
Possible
Ended:
Mar 17, 2014