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Francis Group
In this Group: Francis Carolina, Margarita Concepcion, Francisco Jose

Update on Francis Group

This group is made up of three business owners. One is 36-year-old Francis. She has a partner and two children and has had a business selling cosmetics in her local area for three years. Francis also sells "nacatamales" (a typical Nicaraguan dish) from her home. Francis has been with the communal bank for five years and is applying for another loan in order to buy supplies for preparing the "nacatamales". She will buy banana leaves, cords, corn, pork, potatoes, natural colouring, bitter oranges, rice, sweet peppers, onion, and cosmetics, such as colognes, perfumes, creams, lotions, make-up, nail varnish, lipstick, and more. Margarita is 66 years old and sells soup and cooked beans. Francisco is 56 years old and has a business selling used clothes.
View original language description ↓
El grupo está formado por tres socios microempresarios uno de ellos es Francis mujer de 36 años de edad, acompañada, con dos hijos bajo su responsabilidad, su negocio es la venta de cosméticos es su comunidad, y venta de nacatamales es su domicilio desde hace 3 años. Tiene de ser cliente de la institución 5 años, está solicitando nuevamente un crédito para la compra de insumos para la elaboración de nacatamales como hojas de chagüites, mecates, maíz, carne de cerdo, papa, achote, naranja agria, arroz, chiltoma, cebolla y cosméticos como perfumes de varón, perfumes de damas, cremas, lociones, maquillajes, pinturas de uñas, labiales, etc. Margarita mujer de 66 años su negocio es la venta de sopa y frijoles cocidos, Francisco tiene la edad de 56 años su negocio es la venta de ropa usada.

Previous Loan Details

They are four enterprising small business people like Francis Carolina. She sells Avon cosmetics. She started doing this two years ago, and she also sells ‘nacatamales’ [made from corn meal and stuffed with rice, meat, potatoes, olives, capers, and other ingredients, and wrapped in banana leave... More from Francis 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
  • 93
    View loans »
    Nicaragua Loans Fundraising
  • $24,768,325
    Funds lent in using Kiva
  • 25.0
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of Francis Group's $1,750 loan helped a member to buy banana leaves, cords, corn, pork, potatoes, natural colouring, bitter oranges, rice, sweet peppers, onion, and cosmetics, such as colognes, perfumes, creams, lotions, make-up, nail varnish, lipstick, and more.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Oct 11, 2013
Nov 17, 2013
Currency Exchange Loss:
Jun 17, 2014