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Nuevo Fruto Group
In this Group: Arli Ovidia, Hellen Patricia, Miriam Yamileth

Update on Nuevo Fruto Group

The group is made up of three enterprising members. One of the members is Hellen, a 33-year-old married woman. She has worked as a street vendor selling clothes in her community and the surrounding area for four years. She has been a client of the institution for eight months. Hellen requests another loan to buy merchandise such as pants, blouses, shirts, t-shirts, shorts, and perfumes. Arli is a 38-year-old woman who sells food, and Miriam is a 45-year-old woman who is a hair stylist and beautician.
View original language description ↓
El grupo lo conforman tres socias emprendedoras una de ellas es Hellen mujer de 33 años, casada, su negocio es la venta de ropa ambulante en su comunidad y alrededores desde hace 4 años, Tiene de ser cliente de la institución 8 meses. Está solicitando nuevamente un crédito para la compra de mercadería como pantalones, blusas, camisas, camisetas, shores, perfumes. Arli mujer de 38 años su negocio es la venta de comida y Miriam mujer de 45 años su negocio es belleza y estilismo.

Previous Loan Details

This group is made up of three entrepreneurial members. One of these members is Alma, who is 25 years old and is married with two two year old children and one four year old child. The business she manages is a grocery store in her home. Her aunt helps her run this business. This loan will be use... More from Nuevo Fruto 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
  • 127
    View loans »
    Nicaragua Loans Fundraising
  • $24,535,925
    Funds lent in using Kiva
  • 24.8
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of Nuevo Fruto Group's $1,375 loan helped a member to buy merchandise such as pants, blouses, shirts, t-shirts, shorts, and perfumes.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 18, 2013
Listed
Nov 17, 2013
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2014