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Victoria Group
In this Group: Liliam, María, Roberto

Update on Victoria Group

The Victoria group is made up of three enterprising and hard-working members. One of them is Maria. She is 62 and for more than 20 years, she has sold food and sweets in a hospital kiosk in the city. She is married, and has a grown son who helps her with her business. She has been working with ADIM for seven years, making her payments on time. She will invest the loan in purchasing goods like rice, beans, sugar, oil, bananas, beef, chicken, tortillas, tomato salsa, cream, perishable goods, and more. Lilliam, 58, sells Avon cosmetics and Roberto, 39, sells calculators, radios, batteries, clocks, etc.
View original language description ↓
Grupo formado por tres socios emprendedores una de ellas es María tiene 62 años de edad y hace más de 20 años vende comida, golosinas en un kiosco de un hospital de la localidad, es casada, tiene un hijo mayor que es la que le ayuda en el negocio, de estar en Adim tiene 7 años de estar laborando ante la institución cumpliendo sus compromisos de pagos, el crédito lo invertirá en la compra de productos como el arroz, frijoles, azúcar, aceite, plátano, carme de res, carne de pollo, tortillas, salsa de tomate, crema, perecederos etc. Lylliam tiene 58 años vende cosméticos de la Avon y Roberto tiene 39 años de edad vende calculadoras, radios, baterías, relojes etc.

Previous Loan Details

The Victoria community bank has three members, all enterprising and hard-working. One member, Maria Auxiliadora, has operated a food and snacks business at a hospital in Masaya for 20 years. She started the business after working as a house cleaner before. She is applying for a loan that she u... More from Victoria 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
  • 70
    View loans »
    Nicaragua Loans Fundraising
  • $26,432,925
    Funds lent in using Kiva
  • 24.4
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of Victoria Group's $1,725 loan helped a member to buy foodstuffs to sell.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Feb 22, 2013
Apr 1, 2013
Currency Exchange Loss:
Nov 17, 2013