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Primavera Group
In this Group: Elizabeth Del Socorro, Ervin Domingo, Yessenia De Los Angeles , Martha Del Carmen

Update on Primavera Group

The Primavera (Spring) group is composed of four members, all of them successful in their jobs. The group is coordinated by Elizabeth, 28, married and with two children aged 7 and 4. She sells clothes and shoes at the biggest market in the city and she is requesting a loan to buy women’s shirts, tops, men’s shirts, women’s jeans, men’s jeans and other products.

The other members of the group are: Martha, 51, who sells new and second-hand clothes in the biggest market in the city; Ervin, 25, who makes a living from the sale of vehicle accessories; and Yessenia, 36, who sells construction materials at her home.
View original language description ↓
Este grupo solidario está integrado por cuatro socios exitosos en sus trabajo, coordinado por la señora Elizabeth de 28 años de edad, casada y madre de dos hijos de las edades de 7 y 4 anos, es comerciante de ropa y calzado en el mercado más populoso de la capital y solicita el crédito para la compra de camisas de damas, talladores, licras, camisas de caballeros, jeans de damas, jeans de caballeros y más. Los otros socios son la señora Martha de 51 anos quien comercializa ropa nueva y de segunda en el mercado más populoso de la capital, el señor Ervin de 25 años ofrece accesorios de vehículos en el mercado capitalino y la señora Yessenia de 36 años quien vende materiales de construcción en su domicilio.

Previous Loan Details

The Primavera [Spring] group is composed of four members, one of whom is Elizabeth, a 27-year-old woman, married and with two small children. Her business is the itinerant sale of clothes and footwear in the oriental market, which she has been doing for 8 years. She is requesting the loan to buy ... More from Primavera 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

  • $4,800
    Average annual income
  • 109
    View loans »
    Nicaragua Loans Fundraising
  • $24,828,400
    Funds lent in using Kiva
  • 27.2
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of Primavera Group's $2,575 loan helped a member to buy merchandise, such as shirts, blouses, tops, jeans, etc.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 8, 2014
Listed
Apr 29, 2014
Currency Exchange Loss:
Possible
Ended:
Oct 17, 2014
This photo was used before for a previous loan for Primavera Group. It was first posted on Kiva on Nov, 2013. Learn More