Check out other loans that are currently fundraising!
Nicaraguita Group
In this Group: Meyling Carolina , Alexandra Del Socorro, Isidro Antonio

Update on Nicaraguita Group

This group consists of three hardworking members, coordinated by 22 year old Meyling. She is married and mother of two children ages 2 and 4. She sells AVON and Zermat cosmetics. With the loan she will buy a variety of products such as makeup, lipstick, nail polish, eye liner, eye shadow, blush, women's perfumes, men's colognes, and more. Another member is 37 year old Alexandra, who sells new clothing from her home and by order. And the third member is 47 year old Isidro who owns a shop that frames and mounts art, and his business is in his home.
View original language description ↓
El grupo lo integran tres socios trabajadores, coordinado por la señora Meyling de 22 años de edad, casada y madre de dos hijos de las edades de 2 y 4 años, comercializa cosméticos de la AVON y Zermat, con el crédito invertirá en productos como vanidad, pinturas labial, pinturas de uñas, delineador, sombras, rubor, perfumes para damas, perfumes para caballeros y más. Otra socia es la señora Alexandra de 37 años la cual comercializa ropa nueva en su domicilio y por encargo, y el señor Isidro de 47 años propietario de un taller donde se enmarcan cuadros y a la vez se hacen montaje en los cuadro, en su domicilio.

Previous Loan Details

This group consists of three members. One of them is Meyling. She is 21 years old, married and has two children. She has made a living selling cosmetics for the last 6 months in her community. She is requesting this loan in order to buy perfumes, lotions, creams, make-up, lip balms and shampoo.… More from Nicaraguita 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
  • 62
    View loans »
    Nicaragua Loans Fundraising
  • $23,441,425
    Funds lent in using Kiva
  • 25.9
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of Nicaraguita Group's $1,250 loan helped a member to buy makeup, lipstick, nail polish, eye liner, women's perfumes, and men's colognes.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 19, 2014
Listed
Apr 24, 2014
Currency Exchange Loss:
Possible
Ended:
Sep 17, 2014