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Los Naranjos Group
In this Group: Francisca Teodora, Lino Nemecio, Juana

Update on Los Naranjos Group

The group "Los Naranjos" (the Orange Trees) is comprised of three hardworking and enterprising people. Nino is the group coordinator. For the past eight years or so, he has made his living selling vegetables. He is married and has two children ages five and one. He will use the loan to purchase pipián (a type of squash), taro (a tropical root plant), yuca (cassava), etc.

The other group members are Juana, a twenty-six year old woman who has sold Avon products for the past year, and Francisca, a sixty-three year old woman who has sold fruits (mainly oranges and lemons) for the past twelve years.
View original language description ↓
El grupo los Naranjos lo conforman tres personas trabajadoras y emprendedoras el coordinador es el señor Nino quien se dedica a la venta de verduras desde hace 8 años aproximadamente, él está casado y tiene dos hijos de 5 y 1 año respectivamente. El invertirá el crédito en pipián, quequisque, yuca…etc.
Los otros integrantes son Juana de 26 años quien vende productos Avon desde hace 1 año y Francisca de 63 años quien vende frutas principalmente naranjas y limones desde hace 12 años.

Previous Loan Details

Abimal Arsenio M., Francisca Teodora Velásquez and Lino Nemecio M. are the members of the “Los Naranjos” (The Orange Trees) communal bank. Abimal, who is group Coordinator, has been a tailor for the last 10 years. His shop is in his house. He will use the loan to buy fabric and supplies to ... More from Los Naranjos 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
  • 60
    View loans »
    Nicaragua Loans Fundraising
  • $26,432,925
    Funds lent in using Kiva
  • 23.3
    Nicaragua Cordobas (NIO) = $1 USD
A portion of Los Naranjos Group's $925 loan helped a member to purchase harvests of fruits and vegetables.
Repayment Term
9 months (Additional Information)
Repayment Schedule
Apr 26, 2012
May 12, 2012
Currency Exchange Loss:
Jun 11, 2012