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Flor De Avispa Group
In this Group: Luz Marina, Ana Lucia, Veronica Del Carmen , Julia

Update on Flor De Avispa Group

The “Flor de Avispa” (Hibiscus) group is made up of four hardworking, enterprising people. One of them is Luz Marina who has worked in a hotel in Masaya for several years. She’s also been selling used clothes for the last four years. She has three children she works hard for and will use the loan to buy blouses and pants.

The other group members are Ana Julia who has a sewing workshop and her specialty is comforters, sheets and pillowcases, Verónica del Carmen who has a video game stand and Julia who sells cosmetics.
View original language description ↓
El grupo Flor de Avispa lo conforman cuatro personas trabajadoras y emprendedoras una de ellas es Luz Marina quien trabaja en un Hotel de Masaya desde hace varios años, además comercializa ropa usada desde hace 4 años. Ella tiene tres hijos por los cuales trabaja arduamente e invertirá el crédito en blusas y pantalones.
Las otras integrantes son Ana Julia quien tiene un taller de costura donde su especialidad son los cobertores, sabanas y fundas, Verónica del Carmen tiene un puesto de video juegos y Julia vende cosméticos.

Previous Loan Details

The group Flor de Avispa (Hibiscus) is formed by Luz Marina Hernández, Veronica del Carmen M. E.,and Ana F. P.. These are three hardworking, strong, and entrepreneural women who have many dreams to improve their lives. The coordinator of the group is the young Luz Marina Hernández whom has sold c... More from Flor De Avispa 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
  • 61
    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 Flor De Avispa Group's $1,275 loan helped a member to buy clothes.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Apr 16, 2012
May 8, 2012
Currency Exchange Loss:
Nov 16, 2012