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Mi Banquito Group
In this Group: Maria Luisa, Maria Auxiliadora, Rosa Emilia, Engracia De La Concepcion, Vilma Esther

Update on Mi Banquito Group

Mi Banquito Group (my little bank) is made up of five hard-working and enterprising people. One of them is María Luisa who has owned a grocery store for the past four years. In the beginning she sold used clothing and gradually she added other products to her inventory. Her three children (aged 12, 10 and 7) help her in the business.

The other members of the group are:
  • Concepción is a street vendor who sells clothes, cosmetics and sandals,

  • Vilma sells ice, tamales and ice cream,

  • Rosa has a grocery store, and

  • María Auxiliadora sells bed linen for children and adults, etc.
View original language description ↓
El grupo Mi Banquito lo conforman cinco personas trabajadoras y emprendedoras una de ellas es María Luisa quien tiene una pequeña pulpería desde hace 4 años. El negocio lo inicio con la venta de ropa usada y poco a poco fue creciendo e invirtió en otros productos. Ella tiene tres hijos de 12, 10, 7 años quienes le ayudan en el negocio.

Las otras integrantes son Concepcion quien vende ropa, cosméticos y sandalias de manera ambulante, Vilma vende hielo, nacatamales y helados, Rosa tiene una pulpería y María Auxiliadora ropa de cama para niños y adultos…etc.

Previous Loan Details

The Mi Banquito solidarity group is made up of 5 hard-working and enterprising women who strive day to day to get ahead in their different businesses. Maria Luisa L. M., age 35, is the group coordinator and sells AVON and ZERMAT products. She also sells other cosmetics and personal accessories wh... More from Mi Banquito 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
  • 71
    View loans »
    Nicaragua Loans Fundraising
  • $25,756,600
    Funds lent in using Kiva
  • 23.2
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of Mi Banquito Group's $2,825 loan helped a member to buy goods for her grocery store.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Feb 24, 2012
Mar 13, 2012
Currency Exchange Loss:
Nov 16, 2012