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Las Frescas Group
In this Group: Dominga Del Carmen, Esmeralda De Jesús, Ileana Lisett

Update on Las Frescas Group

This group is made up of three business women. One of them, Dominga, has been selling nacatamales out of her home for 15 years. She is a widow with three children, ages 2, 14 and 18. The loan will be used to buy ingredients to make nacatamles like pork, banana leaves, beans, potatoes, rice, vegetables, perishables, etc.

Esmeralda sells food and Ileana sells clothing and cosmetics.
View original language description ↓
Grupo formado por tres socias emprendedoras una de ellas es Dominga desde hace 15 años vende nacatamales en su casa, es viuda con tres hijos de 2, 14 y 18 años de edad, el crédito lo invertirá en la compra de materia prima para hacer los nacatamales como carne de cerdo, hojas de chagüites, legumbre, papas, arroz, vegetales, perecederos etc. Esmeralda vende comida y Ileana vende ropa y cosméticos.

Previous Loan Details

The “Las Frescas” group is composed of three hardworking people from Ciudad Sandino, Managua. The group coordinator is Dominga del Carmen who sells nacatamales [Nicaraguan style tamales] on weekends and fast food, a popular eatery consisting in fried food like enchiladas, grilled meat, roasted c... More from Las Frescas 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
  • 34
    View loans »
    Nicaragua Loans Fundraising
  • $26,398,725
    Funds lent in using Kiva
  • 24.1
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of Las Frescas Group's $1,100 loan helped a member to buy meat, chicken, corn, pork, perishables, etc.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Jan 25, 2013
Mar 1, 2013
Currency Exchange Loss:
Aug 17, 2013