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Santa Martha Group
In this Group: Lidia De Los Angeles, Maria Antonia, Jazmina Del Socorro

Update on Santa Martha Group

This group is comprised of 3 enterprising members, one of whom is Jazmina, a 33 year old woman who has a partner and 4 children in her care. Her business is selling hojuela pastries in the street, and she has been doing this for 20 years. She has been a member of the Institution for 7 years during which time she has shown herself to be a responsible person. The loan that she is requesting will be used to by raw materials for making the hojuelas such as flour, oil, wood, bags, wrapping paper, transparent plastic, sugar, cinnamon, etc. The other members are Lidia, a 38 year old woman who makes textile crafts and María, a 34 year old woman who sells hojeulas in the street.
View original language description ↓
El grupo está conformado por tres integrantes emprendedores una de ellas es Jazmina mujer de 33 años de edad, acompañada, con cuatro hijos bajo su cargo, su negocio es la venta de ojuela ambulante desde hace 20 años. Tiene de ser cliente de la institución 7 años, en lo cual ha demostrado ser una persona responsable. El crédito lo está solicitando para para comprar materia prima para la elaboración de ojuelas como harina, aceite,leña, bolsa, papel de envolver,plastico transparente, azucar, canela, etc. Lidia mujer de 38 años su negocio es artesanía en textil y María mujer de 34 años su negocio es la venta de ojuela ambulante.

Previous Loan Details

This group is formed by three enterprising women born in the cradle of Nicaraguan folklore. One of them is Jazmina, a 33 year-old woman who has four young children. For the past 20 years she has earned a living selling a pastry called "hojuelas" in parks and markets in her city. She has been ... More from Santa Martha 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
  • 77
    View loans »
    Nicaragua Loans Fundraising
  • $25,406,150
    Funds lent in using Kiva
  • 25.0
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of Santa Martha Group's $1,325 loan helped a member to buy raw materials for making baked goods called hojuelas such as flour, oil, wood, bags, wrapping paper, transparent plastic, sugar, cinnamon, etc.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Sep 10, 2013
Oct 17, 2013
Currency Exchange Loss:
Apr 16, 2014