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Pio Xii Group
In this Group: Zoila, Melenciana, Zenobia, Ignacio

Update on Pio Xii Group

This is a group of four enterprising members. Zoila’s business is buying and selling pigs. She also butchers them and makes nacatamales [Nicaraguan style tamales], an activity she’s been in for ten years. She starts out making pork nacatamales. The meat costs her less if she butchers the pigs herself which is an opportunity for her to increase profits.

She will use the loan to buy live pigs and raw materials like leaves, rice, potatoes, perishables, spices, etc. to make nacatamales.

Melenciana makes and sells tortillas at home, Zenobia has a grocery store at home and sells enchiladas and Ignacio sells banana leaves to make nacatamales.
View original language description ↓
Grupo formado por cuatro socios emprendedores Zoila su negocio es compra y venta de cerdo en pie, destaza y hace nacatamales actividad que viene realizando desde hace desde hace 10 años, inicia haciendo nacatamales la carne de cerdo le sale a menor costo su destaza el cerdo por lo que miro una oportunidad de ver mas ganancias, el crédito lo invertirá en la compra de cerdo en pie, materia prima de nacatamal como es la hoja, arroz, papa, producto perecederos, especies etc,Melenciana hecha y vende tortillas en su domicilio, Zenobia tiene una pulpería en su casa y vende enchilada, Ignacio vende hojas de chagüites para hacer nacatamales.

Previous Loan Details

The Pio XII (Pius XII) group has five members. One of them is Zoila R., 51, who sells nacatamales, a typical dish made from dough stuffed with pork that is usually consumed on weekends. She will use the loan to buy pork and to stock her small snack sales business. The other group members a... More from Pio Xii 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
  • $25,768,275
    Funds lent in using Kiva
  • 23.9
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of Pio Xii Group's $2,225 loan helped a member to buy pigs and raw materials for tamales.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Sep 26, 2012
Nov 3, 2012
Currency Exchange Loss:
Apr 17, 2013