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Rey De Reyes Group
In this Group: Maria Del Carmen, Luz Marina, Maria Xisela

Update on Rey De Reyes Group

This group consists of three hardworking partners. One is María Xisela who is 32 and married with four children. Her business is selling tortillas which she has done for 8 years from her home. She has been a customer of this institution for one year. She requests this loan for a load of firewood, a bushel of corn, and ground lime. María del Carmen is 57 years old and her business is a grocery store and a mill. Luz is 31 years old and her business is selling nacatamales.
View original language description ↓
El grupo lo conforman tres socias trabajadoras una de ellas María Xisela tiene la edad de 32 años, casada, con cuatro hijos, su negocio es la venta de tortillas desde hace 8 años en su domicilio. Tiene de ser cliente de la institución 1 año. El crédito lo está solicitado para compra de flete de leña, quintal de maíz, cal, molida. María del Carmen tiene 57 años su negocio es una pulpería y un molino, Luz tiene 31 años su negocio es la venta de nacatamales.

Previous Loan Details

This communal bank comprises three entrepreneurs, one of whom is 32-year-old María. She has been making and selling tortillas in her house for the past eight years. She will use this loan to buy corn, lime, wood, and more. María del Carmen is 57 and has a small grocery shop and a mill. Luz… More from Rey De Reyes 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
  • 74
    View loans »
    Nicaragua Loans Fundraising
  • $23,443,675
    Funds lent in using Kiva
  • 25.0
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of Rey De Reyes Group's $1,775 loan helped a member to purchase a load of firewood, a bushel of corn, lime, and others.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 11, 2013
Listed
Nov 17, 2013
Currency Exchange Loss:
Possible
Ended:
May 17, 2014