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Peniel Group
In this Group: Reyna, Silvia, Kenia Auxiliadora

Update on Peniel Group

This group consists of three members who are successful entrepreneurs. One of them is Reyna, a 46-year-old woman who is married and has two children. For the past two years, she has managed a general store in her home. Her loan will be invested in the purchase of basic staples such as rice, beans, sugar, oil, beef, chicken, salt, eggs, bread, and milk in bags. She will also buy bath soap, laundry soap, diapers, popular medicines, and other items.

Silvia is 40 years old and has a business of selling bread. Kenia is 22 years old and has a business of selling clothes and bread.

View original language description ↓
Grupo está formado por tres socias emprendedoras de éxito una de ellas es Reyna mujer casada, de 46 años de edad y con dos hijos. Desde hace dos años tiene una pulpería en su domicilio, el crédito lo invertirá en la compra de granos como arroz, frijoles, azúcar, aceite, carne de res, carne de pollo, sal, jabón de baños, jabón de lavar, huevos, pan, leche en bolsa, pamper, medicamentos populares etc. Silvia tiene 40 años de edad y su negocio es la venta de pan y Kenia tiene 22 años de edad y su negocio es la venta de ropa y pan.

Previous Loan Details

This group is comprised of three women entrepreneurs, one of whom is Reina who has been running a grocery store out of her home for two years. She is married and works hard for her two minor children who help her take care of the store and attend to the public. She will use the loan to buy basi... More from Peniel 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
  • 61
    View loans »
    Nicaragua Loans Fundraising
  • $26,432,925
    Funds lent in using Kiva
  • 24.7
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of Peniel Group's $1,475 loan helped a member to buy rice, beans, sugar, oil, beef, chicken, salt, eggs, bread, milk, bath soap, laundry soap, diapers, popular medicines, and other items.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Mar 9, 2013
Apr 13, 2013
Currency Exchange Loss:
Oct 17, 2013