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Santa Martha Group
In this Group: Lidia De Los Angeles, Maria Antonia, Jazmina Del Socorro

Update on Santa Martha Group

The group is made up of three successful members. It is coordinated by Jazmina, who is 34 years old. She is married and the mother of two children, aged 14 and 15. She sells hojuela pastries in her neighborhood and in nearby communities. she is going to invest the loan in buying a quintal of flour, oil, bags, sugar, and more. She makes the products and later sells it. She doesn't have anyone else who helps her. With the previous loans she was able to make some personal improvements and buy products for the home, such as rocking chairs and mini-components and home improvements. The other members are María, aged 35, who sells hojuelas in the streets of her community, and Lidia aged 39, who makes handmade textile crafts in her home.
View original language description ↓
El grupo está integrado por tres socias exitosas, coordinado por la señora Jazmina de 34 años de edad, acompañada y madre de dos hijos de las edades de 14 y 15 años, se dedica a la venta de ojuelas en las calles de su barrio y comunidades cercanas, el crédito lo invertirá en la compra de quintal de harina, aceite y bolsa, azúcar, entre otras esta socia elabora el producto y luego lo comercializa y no cuenta con la ayuda de nadie más que la de ella, con créditos anteriores logrado mejoras personales y la compra de productos para el hogar como es la compra de sillas mesedoras, minicomponentes y mejoras de la vivienda. Las otras socias son la señora María de 35 años de edad comerciante de hojuelas en las calles de su comunidad y la señora Lidia de 39 años de edad quién elabora artesanías textilera en su domicilio.

Previous Loan Details

This group is comprised of 3 enterprising members, one of whom is Jazmina, a 33 year old woman who has a partner and 4 children in her care. Her business is selling hojuela pastries in the street, and she has been doing this for 20 years. She has been a member of the Institution for 7 years durin... More from Santa Martha 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
  • 64
    View loans »
    Nicaragua Loans Fundraising
  • $25,083,125
    Funds lent in using Kiva
  • 27.2
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of Santa Martha Group's $1,450 loan helped a member to buy a quintal of flour, oil, bags, sugar, and more.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Mar 25, 2014
Apr 28, 2014
Currency Exchange Loss:
Dec 17, 2014
This photo was used before for a previous loan for Santa Martha Group. It was first posted on Kiva on Oct, 2013. Learn More