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Cielo Azul Group
In this Group: Yokasta Lorena , Humberto Jose, Carla Regina

Update on Cielo Azul Group

This group is made up of three enterprising and hardworking members. One of them is Yokasta. She is 47 years old, single, and has had a business making and selling bags for three years. She is seeking a loan to buy supplies such as 50 yards of fabric, 40 yards of zips, 8 lbs of lining, 4 dozen plastic fasteners, leather, etc.

Humberto is 32 years old and sells pants, shoes and sandals; Carla is 30 and sells honey.
View original language description ↓
El grupo está formado por tres socios emprendedores y dedicados al trabajo uno de ellos es Yokasta tiene la edad de 47 años, soltera, su negocio es la venta de bolsos artesanales desde hace 3 años, El crédito lo está solicitando para la compra de materia prima como 50 yardas de tela, 40 yardas de zipper, 8 libras de forro, 4 docenas de reguladores platicos, cuerina, etc. Humberto hombre de 32 años su negocio es la venta de pantalones, zapatos y sandalias y Carla mujer de 30 años de edad su negocio es la venta de miel me sabe

Previous Loan Details

This group is made up of three enterprising, hardworking members. Yokasta is one of them and she is 47 years old, single, and has been making and selling purses for three years. She sells her products in the capital city's original market. She will use the money from this loan to buy supplies... More from Cielo Azul 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
  • 95
    View loans »
    Nicaragua Loans Fundraising
  • $24,753,075
    Funds lent in using Kiva
  • 25.0
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of Cielo Azul Group's $625 loan helped a member buy fabric, zips, lining, fasteners, leather etc.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Sep 13, 2013
Oct 17, 2013
Currency Exchange Loss:
Feb 17, 2014