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El Diamante Group
In this Group: Mercedes Del Socorro, Claudina , Dalila Del Carmen

Update on El Diamante Group

This group has three small business members. One of these members is Mercedes, who is 23 years old and married. Her business, which she stared six years ago, is the production and sale of bread in Nandaime, Managua and Masaya. She is requesting this loan in order to buy raw materials for making the bread, such as flour, lard, butter, sugar, yeast, salt, bags, firewood and transportation.

Claudina, a 53-year-old woman, has been selling beans and tortillas for six years as her business.

Dalilla is a 37-year-old woman who has had a bakery for 10 years.
View original language description ↓
Este grupo lo conforman tres socias microempresarias una de ellas es Mercedes tiene la edad de 23 años, casada, su negocio es la elaboración y venta de pan en Nandaime, Managua y Masaya desde hace 6 años. El crédito lo está solicitando para la compra de materia prima para la elaboración de pan como es harina, manteca, mantequilla, azúcar, levadura, sal, bolsa, leña, transporte. Claudina mujer de 53 años su negocio es la venta de frijoles y tortillas desde hace 6 años, Dalilla mujer de 37 años su negocio es panadería desde hace 10 años.

Previous Loan Details

The group has three enterprising members, one of whom is Mercedes, who is married with two children aged 2 and 4. She has sold bread for 5 years on the street and within her community. She will use the loan to buy raw materials such as flour, sugar, lard, butter, yeast, cheese etc. Claudin... More from El Diamante 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
  • 157
    View loans »
    Nicaragua Loans Fundraising
  • $24,077,475
    Funds lent in using Kiva
  • 25.0
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of El Diamante Group's $2,025 loan helped a member to buy raw materials for making bread such as flour, lard, butter, sugar, yeast, salt, bags, firewood and transportation.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 23, 2013
Listed
Dec 20, 2013
Currency Exchange Loss:
Possible
Ended:
May 17, 2014