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Milagro Group
In this Group: Margarita Del Carmen , Betha Adilia, Meyling, Mario Enrique

Update on Milagro Group

This group is formed by four successful entrepreneurial partners, one of whom is Margarita. Margarita makes a living from selling Avon cosmetics, a business she has been involved in for 10 years. She is a married woman and has 6 children, both adults and children still studying. The loan will be invested in the purchase of Avon cosmetics like hand cream, body lotion, men’s perfume, women’s perfume, lotions, lipstick, nail polish, face cream, deodorants, children’s shampoo, etc. Bertha sells new clothing and various other items, Mario Enrique has a small mattress factory in his home, and Meyling sells clothing and costume jewelry.
View original language description ↓
Grupo formado por cuatro socios emprendedores de éxito una de ellas es Margarita que se dedica a comercializar cosméticos de la Avon, actividad que viene realizando desde hace 10 años, es una mujer casada y tiene 6 hijos mayores de edad y menores de edad estudiantes, el crédito lo invertirá en la compra de cosméticos de la Avon como crema para manos, crema para cuerpo, perfumen de varón, perfume de dama , lociones, pintura de labios, pinturas de uñas, cremas faciales, desodorantes, champo de niños etc. Bertha vende ropa nueva y variada, Mario Enrique tiene una pequeña fábrica de colchones en su domicilio y Meyling vende ropa y bisuterías.

Previous Loan Details

The 'Milagro' (Miracle) group is made up of three hard-working and entrepreneurial people. One of these people is Margarita del Carmen who has been selling clothing and cosmetics for eight years. She started her business with only a few products. Margarita del Carmen is married and has five ch... More from Milagro 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
  • 59
    View loans »
    Nicaragua Loans Fundraising
  • $25,729,225
    Funds lent in using Kiva
  • 24.3
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of Milagro Group's $950 loan helped a member to invest in the purchase of Avon cosmetics like hand cream, body lotion, men’s perfume, women’s perfume, lotions, lipstick, nail polish, face cream, deodorants, children’s shampoo, etc.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Feb 15, 2013
Apr 1, 2013
Currency Exchange Loss:
Sep 27, 2013