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Las Marias Group
In this Group: Flor De Maria, Ana Dominga, Maria Del Socorro

Update on Las Marias Group

Flor is one of the three members of this group. She is 24 years old and single. She has had a business selling corn products such as pinol and pinolillo (traditional drinks made of corn and cacao) for ten years. She has been a client of the institution for one year. She has applied for a loan to buy corn, firewood, raspberries, vanilla, cinnamon, and cacao and to pay for transport.

Ana, 56, has a business selling perishable goods. María, 39, has a business selling pinol and pinolillo.
View original language description ↓
Flor es una de las tres integrantes del grupo tiene la edad de 24 años, soltera, su negocio es la venta de derivados del maíz como pinol, pinolillo desde hace 10 años. Tiene de ser cliente de la institución 1 año. El crédito lo solicita nuevamente para la compra de quintal de maíz, leña, frambuesa, vainilla,canela, cacao transporte. Ana mujer de 56 años su negocio es la venta de perecederos, María tiene 39 años su negocio es la venta de pinol y pinolillo.

Previous Loan Details

The group is made up of three enterprising members. Flor is one of them. She is 24 years old, single, and has had a business selling maize-based products such as chicha, pinol and pinolillo, which are regional beverages, for 10 years. She has been a client of the institution for one year. She is ... More from Las Marias 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
  • 134
    View loans »
    Nicaragua Loans Fundraising
  • $24,558,975
    Funds lent in using Kiva
  • 25.9
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of Las Marias Group's $1,025 loan helped a member to buy materials such as corn, firewood, raspberries, vanilla, cinnamon, cocoa, etc and to pay for transport costs.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 24, 2013
Listed
Jan 19, 2014
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2014