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Las Vecinas Group
In this Group: Yuritza Rebeca, Pabla Lorenza , Susana De Jesus

Update on Las Vecinas Group

This group has three successful members and is coordinated by 27-year-old Yaritza. She is married and a mother to one nine-year-old son. Yaritza makes a living selling new and second-hand clothing as a a street vendor. She works seven days per week. Yaritza needs this loan in order to buy packs of new and good quality clothes. She will buy shirts, shorts, trousers and dresses.

Another member of the group is 43-year-old Pabla. She makes a living as a street vendor selling various products to people in the community. Susana, 59 years old, has been selling meals from her home for six years.

The members are applying for this loan in order to increase sales and profits. Previous loans have helped them to make improvements to their business.
View original language description ↓
El grupo solidario está integrado por tres socias exitosas, coordinado por la señora Yaritza de 27 años de edad, casada y madre de un hijo de 9 años, se dedica a comercializar ropa nueva y de segunda de manera ambulante de lunes a domingo, el crédito lo requiere para la compra de ropa nueva y pacas de calidad de cómo es camisas, shorts, pantalones y vestidos. Otra de las socias es la señora Pabla de 43 años dedicada a venta de productos varios de forma ambulante a los pobladores de su comunidad y la señora Susana de 59 años quien ofrece el servicio de comida en su domicilio desde hace 6 años atrás. Estas socias solicitan el crédito con el fin de aumentar las ventas y por ende las ganancias, pues con los créditos anteriores han logrado mejoras en los negocios.

Previous Loan Details

The three members of this group are successful entrepreneurs. One of them is Yuritza, who started selling bicycle accessories a year ago. She used her earnings to buy motorcycle accessories and continues to sell these items today. The loan she is requesting will be used to buy accessories such... More from Las Vecinas 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
  • 79
    View loans »
    Nicaragua Loans Fundraising
  • $25,384,750
    Funds lent in using Kiva
  • 27.2
    Nicaragua Cordobas (NIO) = $1 USD
A portion of Las Vecinas Group's $2,225 loan helped a member to buy packs of new and good quality clothes.
Repayment Term
12 months (Additional Information)
Repayment Schedule
May 8, 2014
May 24, 2014
Currency Exchange Loss:
Jun 23, 2014
This photo was used before for a previous loan for Las Vecinas Group. It was first posted on Kiva on Nov, 2012. Learn More