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Los Bailarines Group
In this Group: Jenny Vanessa, Alex Omar, Maria Ines

Update on Los Bailarines Group

This solidarity group consists of three members. The coordinator is Sra. María. She is 30 years old, married, and sells cosmetics in her community. The loan she is requesting will be used to buy perfumes, crèmes, body lotions, lipsticks, nail polishes, blushes, and other products. With the loans, María has been able to increase her merchandise and her earnings.

The other members are as follows:
• Sra. Jenny is 33 years old and sells clothes and cosmetics from her home.
• Sr. Alex, age 30, provides transportation services in his community.

This solidarity group has participated in 23 loan cycles with ADIM. They have demonstrated that they are responsible members and have the spirit to succeed.
View original language description ↓
El grupo solidario lo integran tres socios, coordinado por la señora María de 30 años y casada se dedica a comercializar cosméticos en su comunidad, el crédito lo solicita para la compra de perfumes, cremas, body corporales, pinturas de labios, pinturas de uñas, rubores, etc., la socia con los créditos ha logrado aumentar la mercadería por lo que sus ganancias han aumentado. Los otros socios son la señora Jenny de 33 años dedicada a la venta de ropa y cosméticos en su domicilio y el señor Alex de 30 años quien brinda el servicio de transporte en su comunidad. El grupo solidario llevan 23 ciclos trabajando en esta institución por lo que han demostrado ser socios responsables y con espíritu de superación.

Previous Loan Details

This group is made up of three hardworking members, one of whom is Maria. Maria is 29 years old, married, and has one young child under her care. She has had a business selling cosmetics for the past four years. She has worked with this institution for 6 years and has proven herself to be a very ... More from Los Bailarines 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
  • 73
    View loans »
    Nicaragua Loans Fundraising
  • $23,621,150
    Funds lent in using Kiva
  • 27.2
    Nicaragua Cordobas (NIO) = $1 USD
Expired
A portion of Los Bailarines Group's $1,850 loan helped a member to buy perfumes, crèmes, body lotions, lipsticks, nail polishes, blushes, and other products.
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 24, 2014
Listed
May 23, 2014
Currency Exchange Loss:
Possible
Expired:
Jun 22, 2014
This photo was used before for a previous loan for Los Bailarines Group. It was first posted on Kiva on Oct, 2013. Learn More