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Santa Ana Group
In this Group: Martha, Ana , Marbely De Los Angeles

Update on Santa Ana Group

Marta is one of the three group members. She is 42, married, and has two children. For five years she has had a business selling pastries in Managua. She has been a customer of the organisation for 5 years. Marta needs the loan to buy cakes such as cinnamon pastries, bread pudding and doughnuts, as well as to purchase embroidered and plain aprons.

Ana is 47 and her business consists of selling Nicaraguan sweetbread.

Marbely is 29 and she works selling women's lingerie.
View original language description ↓
Marta es una de las tres integrantes del grupo tiene la edad de 42 años, casada, con dos hijos, su negocio es la venta de repostería en Managua desde hace 5 años. Tiene de ser cliente de la institución 5 años. El crédito lo requiere para la compra de repostería de canelados, torta de leche, rosquilla rivense, compra de delantal bordado, delantal normal. Ana mujer de 47 años su negocio es la venta de cosa de horno, Marbely de 29 años se dedica a la venta de ropa interior.

Previous Loan Details

This group consists of three successful woman entrepreneurs. One of them is Martha, who is 42 years old and married with two cildren. Her business for 4 years has been the sale of pastries . She sells her products in one of the markets in Managua. She has been a client of the organization for 5… More from Santa Ana 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
  • 166
    View loans »
    Nicaragua Loans Fundraising
  • $23,234,200
    Funds lent in using Kiva
  • 25.9
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of Santa Ana Group's $1,875 loan helped a member to buy cakes such as cinnamon pastries, bread pudding and doughnuts, as well as to purchase items such as embroidered and plain aprons.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 24, 2013
Listed
Jan 20, 2014
Currency Exchange Loss:
Possible
Ended:
Jul 17, 2014