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Hojalatería Group
In this Group: María Del Carmen, Eugenia, Ruth Veronica

Update on Hojalatería Group

The group is made up of three enterprising members, one of whom is Ruth. She's a 39-year-old single woman who has been selling different styles and sizes of frying pans to bakeries and pastry shops in her town for ten years. During this season she also sells harvested tamarind.

She'll invest the loan in different types of pans and in harvested tamarind for the Holy Week season.

María del Carmen also sells frying pans and Eugenia buys and sells harvested tamarind.
View original language description ↓
Grupo formado por tres socias emprendedoras una de ellas es Ruth mujer soltera de 39 años de edad tiene 10 años de dedicarse a vender sartenes a las diferentes panaderías, repostería de su localidad los sartenes son de diferentes estilos formas y tamaños, para esta temporada también comercializa en la compra de cosechas de tamarindo, el crédito lo invertirá en la compra de sartenes de diferentes formas y tamaños, además cosechas de tamarindo para esta temporada que se vende por la semana santa, Maria del Carmen también se dedica a la comercialización de sartenes y Eugenia compra y vende cosechas de tamarindo.

Previous Loan Details

The Hojalatería communal bank is comprised of three hard-working and enterprising women. One of them is Ruth Verónica. She has devoted herself to selling frying pans and harvesting tamarind for ten years. She started this business together with her husband, a craftsman. The other members ... More from Hojalatería 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
  • 49
    View loans »
    Nicaragua Loans Fundraising
  • $26,258,500
    Funds lent in using Kiva
  • 24.8
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of Hojalatería Group's $1,350 loan helped a member to buy frying pans and harvested tamarind.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Feb 28, 2013
Apr 16, 2013
Currency Exchange Loss:
Oct 17, 2013