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Bonifacia Group
In this Group: Bonifacia, Tomasita, Anielka

Update on Bonifacia Group

This group is comprised of three enterprising members, one of whom is Bonifacia, 66 years old. She is married and has two children. She has had a small convenience store business for 15 years and has been a member of the institution for 6 years. She is requesting this loan to buy inventory including a hundredweight (60 lb.) of rice, sugar, cooking oil, boxes of soap for washing clothes, dishwashing soap, toilet paper, soft drinks, Chiveria products, dairy products, and more.

Anielka, 30, has a business selling clothing and cosmetics and Tomasita, 56, has a business selling clothing.
View original language description ↓
Grupo formado por tres socias emprendedoras una de ellas es Bonifacia tiene la edad de 66 años, casada, con dos hijos bajo su cargo, su negocio es una pulpería desde hace 15 años. Tiene de ser cliente de la institución 6 años. El crédito lo solicita para la compra de inventario como es quintal de arroz, azúcar, aceite, cajas de jabón de lavar ropa, jabón de lavar trastes, papel higiénico, gaseosa, chiverías, productos lácteos, etc. Anielka mujer de 30 años su negocio es la venta de ropa y cosméticos y Tomasita tiene la edad de 56 años su negocio es la venta de ropa.

Previous Loan Details

The Bonifacia group is made up of three hard-working and enterprising women. One of them is Bonifacia del Rosario who has a small grocery store which she began by selling snacks and soft drinks and which she now stocks with a wider variety of products; she also sells trout and clothes. She is mar... More from Bonifacia 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
  • 62
    View loans »
    Nicaragua Loans Fundraising
  • $25,382,700
    Funds lent in using Kiva
  • 25.0
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of Bonifacia Group's $2,225 loan helped a member to buy inventory including a hundredweight (60 lb.) of rice, sugar, cooking oil, boxes of soap for washing clothes, dishwashing soap, toilet paper, soft drinks, Chiveria products, dairy products, and more.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Oct 9, 2013
Nov 17, 2013
Currency Exchange Loss:
May 17, 2014