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Las Musas Group
In this Group: Dina, Brenda, Carmen

Update on Las Musas Group

This group is composed of three resourceful women. Dina Mayra is one of them and she runs a small bookshop. Up to one and a half years ago she sold only notebooks, but now she sells a variety of products of very good quality at competitive prices. Her eldest son helps her attending the shop. She is requesting a loan to invest in the purchase of school uniform items such as skirts, shirts and trousers. The other members of the group are Brenda, who sells used clothes and who started selling body lotions 6 months ago; and Carmen María, who sells nactamales (typical Nicaraguan dish) and clothes.
View original language description ↓
Socias formada por tres clientes emprendedoras una de ellas Dina Mayra tiene una pequeña librería anteriormente hace año y medio solo era venta de cuadernos, actualmente ofrece variedad de productos y de muy buena calidad y ofrece precios competitivos, su hijo mayor le ayuda en la atención en el negocio . El crédito lo invertirá en la compra de uniformes escolares como faldas, camisas, pantalones etc. Los otros miembros de grupo son Brenda vende ropa usada y hace 6 meses comenzó con la venta de cremas para el cuerpo, Carmen María vende nacatamales y ropa nueva.

Previous Loan Details

The Muses Group is made up of three hard-working, entrepreneurial women. One of them is Lyna, who for ten years has worked in the elaboration and sale of "nacatamales," a typical food composed of pork and corn. She also sells clothing. She will invest this loan in corn, pork, firewood and clot... More from Las Musas 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
  • 73
    View loans »
    Nicaragua Loans Fundraising
  • $26,432,925
    Funds lent in using Kiva
  • 23.8
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of Las Musas Group's $900 loan helped a member to buy school uniform items suche as skirts, trousers and shirts.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Sep 12, 2012
Oct 15, 2012
Currency Exchange Loss:
Mar 15, 2013
This photo was used before for a previous loan for Las Musas Group. It was first posted on Kiva on Jun, 2012. Learn More