Check out other loans that are currently fundraising!
Laguna De Cristal Group
In this Group: Dora Iksait, Angela Manuela, Francisca Paulina, Sujey Elieth, Yorlene Melissa

Update on Laguna De Cristal Group

This group is made up of five successful members and coordinated by Dora. She is member, successful in her professional life, is 45 years old, married, and who sells clothing and shoes in her community and at the nearby market. She stared this business 17 years ago and is asking for a loan to buy merchandise such as t-shirts, blouses, tights, pants, body creams, hand lotion, perfumes, vanity items, etc. She says that her success in her business comes from knowing the people. The other members, 58 year old Angela sells fruits and vegetables in the Granada market; 55 year old Francisca sells fruit on foot in the capital city; Sujey is 25 and sells nacatamales out of her home; Yorlene is 40 and has a store in her home.
View original language description ↓
El grupo solidario lo integran cinco socias exitosas, coordinado por la señora Dora una socia exitosa en su vida laboral, de 45 años y casada, se dedica a la venta de ropa y calzado en su comunidad y mercado más cercano, este negocio lo impulso desde hace 17 años y solicita el crédito para la compra de mercadería como es camisetas, blusas, talladores, licras, pantalones, cremas corporales, cremas para las manos, perfumes, vanidades, etc., afirma que el éxito de mantener el negocio ha sido conocer el gusto de la población. Las otras socias son las señoras Ángela de 58 años comerciante de frutas y verduras en el mercado de granada, Francisca de 55 años negociante de frutas en la capital del país de manera ambulante, Sujey de 25 años la cual vende nacatamales en su domicilio y Yorlene de 40 años propietaria de una pulpería en su domicilio.

Previous Loan Details

One of the women in this group of three partner entrepreneurs is Dora. She is married and has two children, who are still minors. She has been in the business of selling clothes and cosmetics from Avon for 17 years. She needs this investment so she can buy cosmetics from Avon, such as ladies' han... More from Laguna De Cristal 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
  • 67
    View loans »
    Nicaragua Loans Fundraising
  • $25,102,875
    Funds lent in using Kiva
  • 27.2
    Nicaragua Cordobas (NIO) = $1 USD
A portion of Laguna De Cristal Group's $2,325 loan helped a member to buy inventory.
Repayment Term
11 months (Additional Information)
Repayment Schedule
Apr 24, 2014
May 23, 2014
Currency Exchange Loss:
Jun 22, 2014