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Fe Y Confianza Group
In this Group: Socorro De Los Angeles , Mauricio , Silvia Del Socorro

Update on Fe Y Confianza Group

The solidarity group is made up of 3 hardworking partners. It is coordinated by Mr. Mauricio who is 50 years old. He is married and the father of three children. He is a pig butcher and a lumber salesman. He is requesting this loan primarily to buy cedar and is relying on his wife’s help to sell the product.

The other members are Mrs. Socorro, of 55 years of age; she sells undergarments and Mrs. Silvia, of 41 years of age who is a sweets street vendor.
View original language description ↓
El grupo solidario está integrado por tres socios laboriosos, y es coordinado por el señor Mauricio de 50 años de edad, casado y padre de tres hijos se dedica al destace de cerdo y comerciante de madera, solicita el crédito lo solicita principalmente para la compra de madera de cedro y cuenta con la ayuda de su esposa para la comercialización de los productos. Otra de las socias es la señora Socorro de 55 años dedicada a la venta de ropa interior y la señora Silvia de 41 años comerciante de golosinas de manera ambulante.

Previous Loan Details

The group "Fe Y Confianza" (Faith and Trust) consists of three hardworking members. One of them is Mauricio. He is 49 years old, married, and has three dependent children. His business involves buying and selling cattle in the rural areas. Mauricio also sells butchered pigs at an auction in T... More from Fe Y Confianza 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
  • 103
    View loans »
    Nicaragua Loans Fundraising
  • $24,739,175
    Funds lent in using Kiva
  • 27.2
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of Fe Y Confianza Group's $825 loan helped a member to buy lumber.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 24, 2014
Listed
May 22, 2014
Currency Exchange Loss:
Possible
Ended:
Dec 17, 2014