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Luz Y Salvación Group
In this Group: Esperanza, Francis, Thelma, Isabel

Update on Luz Y Salvación Group

The “Luz y Salvación” (Light and Salvation) group is composed of four hardworking, enterprising women. One of them is Esperanza, 39. She sells nacatamales [Nicaraguan-style tamales] a business she started with just a few nacatamales to see how well they sold and gradually she increased her business. She will buy a pig to make this traditional Nicaraguan dish.

The other group members are Francis who sells perfume and gold and silver jewelry, Thelma who is a seamstress and has a grocery store and Isabel who has a sewing workshop.
View original language description ↓
El grupo luz y salvación lo conforman cuatro personas trabajadoras y emprendedoras una de ellas es la señora Esperanza de 39 años. Ella se dedica al comercio de nacatamales este negocio lo inicio realizando unos cuantos nacatamales para ver si se vendían y poco a poco fue aumentando su negocio. Ella invertirá en la compra de un cerdo para realizar este típico platillo nicaragüense.

Las otras integrantes son Francis quien vende perfume, prendas de oro y plata, Thelma quien trabaja en costura y tiene una pulpería y Isabel quien tiene un taller de costura.

Previous Loan Details

The Luz y Salvación Group consists of four hardworking women. One of them is Eusebia de los Ángeles S. Medina who has sold cooked beans, ice and used clothing for two years. She also has a small snack sales business. She will invest the loan in stocking her business with more merchandise. ... More from Luz Y Salvación 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
  • 57
    View loans »
    Nicaragua Loans Fundraising
  • $25,729,225
    Funds lent in using Kiva
  • 23.3
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of Luz Y Salvación Group's $1,025 loan helped a member to buy pork, corn, rice, etc.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Mar 23, 2012
Apr 18, 2012
Currency Exchange Loss:
Oct 15, 2012