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Niusy Group
In this Group: Yessenia Isabel, Sayda Abigail, Luis Oscar

Update on Niusy Group

This community bank has three members. The group's coordinator, Sayda, 34, is married and has two children, 6- and 2-years old, respectively. Sayda opened a general store six years ago in a space in her house. She sells clothes as well as groceries. She is applying for a loan that she will use to buy rice, beans, sugar, cooking oil, bread, alka seltzer, diapers, baby clothes, children's clothes, underwear and other merchandise. Sayda used past loans to increase her income and standard-of-living. The other members of the community bank are Sr. Luis, 74, who has a milk sales business and Sra. Yessenia, 32, who buys and sells used clothing.
View original language description ↓
El grupo solidario está integrado por tres socias y coordinado por la señora Sayda de 34 años de edad casada y madres de dos hijo de las edades de 6 y 2 anos, es propietaria de una pulpería desde hace seis años en su domicilio además comercializa ropa nueva en su comunidad, solicita el crédito para invertirlo en arroz, frijol, azúcar, aceite, pan, alka selzer, ranitidinas, panadol, camisas para niños, bóxer, calcetas, braziers, bikinis, entre otros; Con créditos anteriores la socia a logrado obtener mayores ganancias que han sido de beneficios para su superación. Otros de los socios es el señor Luis de 74 años dedicado a la compra-venta de leche y la señora Yessenia de 32 anos comerciante de ropa de segunda en su domicilio.

Previous Loan Details

The group is made up of three business associates, one of whom is Sayda, 25. She's married and has two children in her care. Her business is selling costume jewelry and clothing. She has sold these products in her home and the community for two years. Sayda needs the loan to buy merchandise... More from Niusy 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
  • 94
    View loans »
    Nicaragua Loans Fundraising
  • $24,386,550
    Funds lent in using Kiva
  • 27.2
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of Niusy Group's $1,600 loan helped a member to stock her general store.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 8, 2014
Listed
Apr 29, 2014
Currency Exchange Loss:
Possible
Ended:
Dec 17, 2014
This photo was used before for a previous loan for Niusy Group. It was first posted on Kiva on Nov, 2013. Learn More