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Rosada Group
In this Group: Rosa, Lucrecia, Rosa

Update on Rosada Group

Lucrecia is a small-businesswoman who has been selling handicrafts in the Masaya market for 8 years. She is the member of a communal bank that is comprised of 3 women, including her. She will invest this loan in the purchase of decorative pottery, wall plates, jugs, griddles, and decorations in the form of the sun, the moon, etc. Rosa Amelia is another member of the group who sells eggs, and Rosa Patricia sells tortillas and fresh fruit.
View original language description ↓
Lucrecia es una microempresaria que se dedica a la venta de artesanía donde comercializa sus productos en el mercado de Masaya hace 8 años, es miembro de un grupo formado por tres socias incluyéndola a ella, el crédito lo invertirá en la compra de adornos de barros, platos de pared, vasijas, comales, adornos en forma de sol y la luna etc. Rosa Amelia es otra socia que forma el grupo vende huevos y Rosa Patricia vende tortillas y frutas frescas.

Previous Loan Details

Sra. Lucrecia leads the Rosada group. She operates a business selling wooden craft pieces: "fish, pineapples, keyrings, frogs, chickens, etc.". She started the business 8 years ago and has slowly built it up over the years. She will invest in more craft pieces to sell. The other members o... More from Rosada 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
  • 54
    View loans »
    Nicaragua Loans Fundraising
  • $26,258,500
    Funds lent in using Kiva
  • 24.1
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of Rosada Group's $1,100 loan helped a member to buy decorative pottery, wall plates, jugs, griddles, and decorations in the form of the sun and the moon.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Nov 9, 2012
Jan 1, 2013
Currency Exchange Loss:
May 17, 2013