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Socorro Group
In this Group: Janeth Del Socorro , Myriam Janeth , Rosaura Del Socorro, Catalina Del Socorro

Update on Socorro Group

Rosaura is one of the four members of the group. She is 37 years old, married with two kids and for eight years has worked selling new clothes and shoes. For two years she has been a client of the institution and the loan she is requesting is to buy merchandise for this season of women's and men's pants, blouses, shirts, shorts, skirts, children's clothes and other items.

Catalina is a 47-year-old woman who has a business selling oranges; Janeth is a 31-year-old woman makes a living selling plastics; and Myriam is a 47-year-old woman who has a business selling banana leaves.
View original language description ↓
Rosaura es una de las cuatro integrantes del grupo, ella tiene la edad de 37 años, casada, con dos hijos, su negocio es la venta de ropa nueva y zapatos desde hace 8 años. Tiene 2 años de pertenecer como cliente de la institución, el crédito lo solicita para la compra de mercadería en esta temporada pantalones de damas, de caballero, blusas, camisas, shores, faldas, ropa de niños, otros. Catalina mujer de 47 años su negocio es la venta de naranja, Janeth mujer de 31 años se dedica a la venta de artículos plásticos, Myriam mujer de 47 años su negocio es la venta de hojas de chaguites.

Previous Loan Details

This group is composed of four enterprising members. One of them is Rosaura, 37, who is married and has two minor children. Her business for the last 8 years has been selling new clothes and shoes. She’s been a client of the institution for a year. She will use the loan to buy clothes like… More from Socorro 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.

Tags

About Nicaragua

  • $3,636
    Average annual income
  • 172
    View loans »
    Nicaragua Loans Fundraising
  • $23,230,250
    Funds lent in using Kiva
  • 25.0
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of Socorro Group's $3,025 loan helped a member to buy merchandise, which for this season is women's and men's pants, blouses, shirts, shorts, skirts, children's clothes, and other items.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 13, 2013
Listed
Dec 20, 2013
Currency Exchange Loss:
Possible
Ended:
Jul 17, 2014
This photo was used before for a previous loan for Socorro Group. It was first posted on Kiva on May, 2013. Learn More