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Zafiro Group
In this Group: Francis Ileana, Thelma Rosa, Juana Maria

Update on Zafiro Group

This group is made up of three hardworking ladies. Thelma is one of them. She is 48 years old, single, and has two children under her care. She has been selling fruit for the past 30 years and she is asking for this loan to buy fruit such as tamarind, and also pay for help and transportation. Francis is 29 and sells clothing. Juana is 37 and sells bread.
View original language description ↓
El grupo lo conforman tres socias luchadoras y trabajadoras una de ellas es Thelma mujer de 48 años de edad, soltera, con dos hijos bajo su cargo, su negocio es la venta de frutas desde hace 30 años, el crédito lo requiere para la compra de frutas como tamarindo, pago de mozo y transporte. Francis mujer de 29 años su negocio es la venta de ropa y Juana mujer de 37 años su negocio es la venta de pan.

Previous Loan Details

This group was formed by three successful ladies. Margarita is one of them and she has been selling clothing and Avon cosmetics on foot for six years. She takes orders and sells on credit. She will use the money from this loan to buy clothing and Avon cosmetics such as body creams, hand creams... More from Zafiro 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
  • 66
    View loans »
    Nicaragua Loans Fundraising
  • $25,101,575
    Funds lent in using Kiva
  • 25.0
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of Zafiro Group's $725 loan helped a member to buy fruit.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Oct 18, 2013
Nov 19, 2013
Currency Exchange Loss:
May 17, 2014