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Rio Blanco Group
In this Group: Maria De Los Angeles, Darling Del Socorro, Luisa Gabriela

Update on Rio Blanco Group

The Rio Blanco group is composed of three hardworking and entrepreneurial women. One of them, Maria de los Angeles, has been working in cosmetic sales for the past 4 years, since she started with the purchase of a few products and now has a very well-stocked business.

The other members of the group are Darling del Socorro who has a tortilla shop, and Luisa who has been selling clothes for 2 years.
View original language description ↓
El grupo Rio Blanco lo conforman tres personas trabajadoras y emprendedoras una de ellas es María de los Ángeles quien se dedica al comercio de cosméticos desde hace 4 años la cual inicio con la compra de unos cuantos productos ahora está más surtido.
Las otras integrantes son Darling del Socorro quien tiene una tortillería y Luisa quien vende ropa desde hace 2 años.

Previous Loan Details

Río Blanco Group (white river) is composed of three hard-working women. One of them is María de los Ángeles who has been selling footwear, cosmetics and jewelry for eight years. She is married and the mother of three children, but only the two youngest, aged 8 and 11, are depending on her. The tw... More from Rio Blanco 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
  • $25,767,775
    Funds lent in using Kiva
  • 23.7
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of Rio Blanco Group's $850 loan helped a member to buy cosmetics.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Jul 28, 2012
Sep 8, 2012
Currency Exchange Loss:
Feb 15, 2013