Dios Bendice Pacaya Group
Update on Dios Bendice Pacaya GroupThis solidarity group is made up of 6 hard-working women, coordinated by Señora Candelaria, who is 31 years old. She is married and has three children who are 12, 9 and 4 respectively. She works selling fruit and vegetables in the Huembes Market in the capital. She has been doing this for more than 20 years and she is asking for this loan in order to buy mango crops. The member relies on the help of her husband for buying, selling, and putting the produce on the market.
The other members include Señora Nubia, who is 39 years old and sells footwear on a street stall in the city of Léon. Señora Blanca who is 33 years old, sells second hand clothes and cosmetics in the cities of Jinotepe and Diriamba. Señora Yarixa is 25 years old and raises chickens at her home. Señora Esther is 44 years old and sells bananas at the Masaya Market. Señora María Elena runs a grocery store out of her home. Each one of the current members presents a variety of work in order to earn a living.
Previous Loan DetailsThis group is made up of six determined entrepreneurial women. One of them is Candelaria who is 30 years old and is married. For 20 years she has had a business selling fruit and vegetables. She needs the loan to buy oranges, lemons, yucca, shallots, taro root and "pipián" [a type of squash] T... More from Dios Bendice Pacaya Group's previous loan »
About ADIMLocated 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
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Success!! The loan was 100% repaid
- Repayment Term
- 8 months (Additional Information)
- Repayment Schedule
- May 8, 2014
- May 24, 2014
- Currency Exchange Loss:
- Dec 17, 2014
Photo from previous loan
Kiva allows our Field Partners to re-use the same photo for individual borrowers that have been posted on Kiva's website once before in a 24 month period, and we allow them to re-use group photos for up to 24 months, provided that 80% of the current group's membership is represented.
Taking, collecting, and uploading photos of borrowers is one of the most challenging elements of using Kiva for our Field Partners. In order to make Kiva easier for Field Partners to use, we have allowed them to post successive and concurrent loans without taking a new photo of the borrower if the criteria above are met.