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Solano Group
In this Group: Silvana Del Carmen, Hortensia Leonor , Maria De Jesus

Update on Solano Group

This group consists of three hard working women. One of them is Silvana, who is 44 years old and is married with three children. She has made a living butchering, making and selling nacatamales [Nicaraguan style tamales] and tortillas for the past 12 years. She has been a client of this MFI for the past two years, during which she has shown herself to be very responsible in her loan payments. She is requesting this loan in order to buy live swine, leaves, rice, twine, potato, achiote, sweet pepper, onion, tomato, corn, lime powder and firewood.

The other members of the group are Hortencia, who is 28 years old and sells tortillas and Maria de Jesus, who is 44 years old and makes a living selling clothes and imitation jewelry.
View original language description ↓
Grupo formado por tres mujeres luchadoras y trabajadoras una de ellas es Silvana tiene la edad de 44 años, casada, con tres hijos, se dedica al destace, elaboración y venta de nacatamales y tortillas desde hace 12 años, tiene de ser cliente de la institución 2 años lo cual en este tiempo ha demostrado ser una persona muy responsable en sus abonos. El crédito lo está solicitando para la compra de cerdo en pie, hojas, arroz, mecate, papa, achote, chiltoma, cebolla, tomate, maíz, cal, leña. Hortencia mujer de 28 años su negocio es la venta de tortillas y María de Jesús mujer de 44 años se dedica a la venta de ropa y bisutería.

Previous Loan Details

This group consists of three members. One of them is Hortensia, 28. She has a spouse and two children. Her business for the last six years has been making and selling tortillas. She’s been a client of the institution for four years and is punctual with her payments. She will use the loan to ... More from Solano 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
  • 72
    View loans »
    Nicaragua Loans Fundraising
  • $23,668,700
    Funds lent in using Kiva
  • 25.0
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of Solano Group's $1,700 loan helped a member to buy live swine, leaves, rice, twine, potato, achiote, sweet pepper, onion, tomato, corn, lime and firewood.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 13, 2013
Listed
Dec 20, 2013
Currency Exchange Loss:
Possible
Ended:
May 17, 2014
This photo was used before for a previous loan for Solano Group. It was first posted on Kiva on Jun, 2013. Learn More