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Santa Ana Group
In this Group: Martha, Ana , Marbely De Los Angeles

Update on Santa Ana Group

It is a group formed by three enterprising partners, one of whom is Martha, who sells pastries on the street. She has had this business for 4 years. She is married and has two children.

She will invest the loan money in the purchase of pastries such as chicken turnovers, bread braids, manjar (milk caramel), cheese pastries, cheese bread, etc.

Ana sells Nicaraguan corn cake, and Marbely sells women's lingerie.
View original language description ↓
Es un grupo formado por tres socias emprendedores una de ellas es Martha que vende repostería ambulante. Tiene 4 años de tener su negocio es una mujer casada y con dos hijos. El crédito lo invertirá en la compra de repostería como pico de pollo, trenzas, manjar, burro de queso, pan quesillo etc. Ana vende cosa de horno y Marbely vende ropa íntima de mujer.

Previous Loan Details

Santa Ana Group is made up of three hardworking and enterprising people. One of them is Martha Lorena, who has had a business selling pastry and aprons for four years. She's going to invest the loan in flour, sugar, milk, butter, baking powder, etc., to make cake, pastry, and delicacies; and fa... More from Santa Ana 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
  • 55
    View loans »
    Nicaragua Loans Fundraising
  • $26,296,575
    Funds lent in using Kiva
  • 24.0
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of Santa Ana Group's $1,850 loan helped a member to invest in the purchase of pastries such as chicken turnovers, bread braids, manjar (milk caramel), cheese pastries, cheese bread, etc.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Dec 20, 2012
Feb 1, 2013
Currency Exchange Loss:
Jul 17, 2013
This photo was used before for a previous loan for Santa Ana Group. It was first posted on Kiva on Aug, 2012. Learn More