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Cupido Group
In this Group: Raquel De Los Angeles, Maria De Jesus , Nubia Azucena

Update on Cupido Group

This group consists of three hard working women. One of them is Maria, who is 45 years old and is married with three children. She has made a living selling chicken from her home for the past 10 years. She has been a client of this MFI for the past 6 years. She is requesting this loan in order to buy chickens parts such as breast, thigh, legs, wings gizzards and others wholesale.

The other members of the group are Raquel, who is 29 years old and sells cosmetics and Nubia, who is 58 years old and runs a grocery store.
View original language description ↓
Este grupo lo forman tres socias luchadoras y trabajadoras una de ellas es María tiene la edad 45 años, casada,con tres hijos, su negocio es la venta de pollo en su domicilio desde hace 10 años. Tiene de ser cliente de la institución 6 años. El crédito lo solicita para la compra de piezas de pollo como pechuga, muslos, piernas,ala, titil, conitos al por mayor. Raquel mujer de 29 años su negocio es la venta de cosméticos, Nubia mujer de 58 años su negocio es una pulpería.

Previous Loan Details

This group consists of three enterprising, successful members. One of them is María, 45. She’s married and has three children. Her business is selling chicken, an activity she’s been in for ten years. She’s had 16 loans, that is, she’s been a client of the institution for six years; she’s bee... More from Cupido 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
  • 141
    View loans »
    Nicaragua Loans Fundraising
  • $24,079,275
    Funds lent in using Kiva
  • 25.7
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of Cupido Group's $2,575 loan helped a member to buy chickens parts such as breast, thigh, legs, wings and others wholesale.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 22, 2013
Listed
Dec 20, 2013
Currency Exchange Loss:
Possible
Ended:
Aug 17, 2014