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Manantial En  El Desierto Group
In this Group: María Auxiliadora, Lucia Del Carmen, Fatima, Carmen Maria

Update on Manantial En El Desierto Group

This group consists of four enterprising members. María Auxiliadora has a convenience store. She previously had a business making tortillas at home. Over time, she built up her savings until she had enough money to open a convenience store in her home. Her loan will be used to buy basic grains such as rice, as well as oil, beans, and sugar. She also wants to diversify her products by purchasing cosmetics, clothing, shoes, and other items.

The other members are as follows:
• Carmen María has a small kiosk at a market located in the capital where she sells fast food, hot dogs, pizza, and natural soft drinks.
• Lucia del Carmen sells Nicaraguan tamales and butchered pigs.
• Fátima Arelis has a small sewing workshop, but she also provides transportation services to elementary school students.

View original language description ↓
Grupo formado por cuatros socias emprendedoras María Auxiliadora tiene una pulpería anteriormente inicio su negocio echando tortillas en su casa y poco a poco fue ahorrando hasta iniciar su pulpería en su domicilio, el crédito lo utilizara en la compra de granos básicos como arroz, aceite, frijoles, azúcar, además quiere diversificar sus productos como compra de cosméticos, ropa, calzados etc., Carmen María tiene un pequeño kiosco donde vende comida rápida, hogdog, pizza, refrescos naturales, ubicado en un mercado de la capital, Lucia del Carmen vende nacatamales y destaza cerdos, Fátima Arelis tiene un pequeño taller de costura y además realiza recorrido de transportes a estudiantes de primarias.

Previous Loan Details

The group Manantial en el Desierto has three working members. María Auxiliadora is the coordinator, and has sold aluminum and clothing from her home for the past 8 years. She seeks this credit to increase her merchandise for sale and her goal is to little by little improve her home; with a prio... More from Manantial En El Desierto 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
  • 23.9
    Nicaragua Cordobas (NIO) = $1 USD
A portion of Manantial En El Desierto Group's $2,550 loan helped a member to buy rice, beans, sugar, oil, laundry soap, bath soap, and other products.
Repayment Term
10 months (Additional Information)
Repayment Schedule
Sep 29, 2012
Nov 5, 2012
Currency Exchange Loss:
Dec 5, 2012