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Las Morenas Group
In this Group: Maria De Los Angeles, Martha Fadilia, Maria Isabel

Update on Las Morenas Group

This group is made up of 3 enterprising and hardworking women. Martha is one of these women and is 32 years old, married, and has two dependent children. She has had a convenience store located in her home for 2 years. She has been involved with Kiva for 1 year.

She is in need of this loan to buy basic groceries such as rice, sugar, oil, beans, soap, soda, Chiveria brand drinks, etc. Also pictured are María de los Angeles (who is 31 years old and works making and selling hammocks and also selling milk by the gallon) and María Isabel (who is 42 years old and also has a convenience store).
View original language description ↓
El grupo lo conforman tres mujeres emprendedoras y luchadoras una de ellas es Martha mujer de 32 años de edad, casada, con dos hijos bajo su cargo, su negocio es una pulpería ubicada en su domicilio desde hace 2 años. Tiene de ser cliente de la institución 1 años. El crédito lo está requiriendo para la compra de granos básicos como arroz, azúcar, aceite, frijoles, jabón, gaseosa, chiverías, etc. María de los Angeles mujer de 31 años su negocio es la elaboración y venta de hamacas y leche por galón, María Isabel mujer de 42 años su negocio es una pulpería.

Previous Loan Details

This group is made up of three enterprising members.María is a 31 year old woman. She is married and has two children. Her business has been making hammocks in her home for 8 years. She sells them in the markets in Masaya and the capital. She will invest the loan in buying raw materials such as 2... More from Las Morenas 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
  • 102
    View loans »
    Nicaragua Loans Fundraising
  • $24,738,450
    Funds lent in using Kiva
  • 25.0
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of Las Morenas Group's $1,100 loan helped a member buy basic groceries such as rice, sugar, oil, beans, soap, soda, and Chiveria brand drinks.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Oct 18, 2013
Nov 20, 2013
Currency Exchange Loss:
Apr 16, 2014