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Martir Group
In this Group: Martir , Josefa, Neyton Lenin

Update on Martir Group

The Martir group is made up of three hard-working members. One of them is Martir, who is 37 years old, in a relationship, and has five children under his care. Martir has had a business for nine years, which is a small grocery store located in his home.

Martir has been a client of the field partner for five years. He will use this loan to buy inventory for his store such as rice, sugar, oil, coffee, eggs, toilet paper, ramen noodles, Big Cola [a brand of cola], milk, cheese, cream and other groceries.

Josefa is 40 years old and sells shoes in Masatepe and in her town. Neyton is 25 years old and sells nacatamales [Nicaraguan tamales] from his home.
View original language description ↓
El grupo lo conforman tres socios luchadores uno de ellos es Mártir tiene la edad de 37 años, acompañada, con cinco hijos bajo su cargo, su negocio es una pulpería ubicada en su domicilio desde hace 9 años. Tiene de ser cliente de la institución 5 años, el crédito lo está solicitando para la compra de inventario como arroz, azúcar, aceite, café, huevo, papel higiénico, maruchan, big cola, leche, queso, crema, etc. Josefa tiene 40 años su negocio es la venta de zapatos en Masatepe y en su comunidad, Neyton tiene 25 años su negocio es la venta de nacatamales en su domicilio.

Previous Loan Details

The Martir group is made up of three hard-working and entrepreneurial people. One of them is Teresa del Carmen, who has been selling clothes for approximately 11 years. She is married to José, who is a builder, and they both work hard to get ahead in life. Teresa del Carmen will invest her… More from Martir 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

  • $3,636
    Average annual income
  • 151
    View loans »
    Nicaragua Loans Fundraising
  • $23,163,975
    Funds lent in using Kiva
  • 24.8
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of Martir Group's $525 loan helped a member to buy inventory for his store such as rice, sugar, oil, coffee, eggs, toilet paper, ramen noodles, Big Cola [a brand of cola], milk, cheese, cream and other groceries.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 15, 2013
Listed
Nov 17, 2013
Currency Exchange Loss:
Possible
Ended:
May 17, 2014