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Pio Xii Group
In this Group: Zoila, Melenciana, Zenobia, Ignacio, Humberto Domingo

Update on Pio Xii Group

This group is made up of five entrepreneurs. One of them is Zoila, 54. She's married and has one child. For ten years she has made a living making and selling nacatamales [Nicaraguan-style tamales], which she sells on order because she's well recognized in the city of Masaya. She has two salaried employees who work in her home. She has been a client of the institution for four years and has acquired twelve loans, which she pays back in due time and form.

She'll invest the loan in buying ingredients such as pork, banana leaves, string, rice, peppers, onions, tomatoes, salt, corn, lime, potatoes, etc.

Zenobia, 45, has a grocery store in her home. Melenciana, 59, sells tortillas and "frito de cerdo" [fried pork dish]. Ignacio, 59, sells banana leaves for making nacatamales. Humberto, 47, has a bakery.
View original language description ↓
Este grupo está formado por cinco emprendedores una de ellas es Zoila mujer de 54 años de edad, acompañada, con un hijo , desde hace 10 años se dedica a realizar y vender nacatamales quienes los vende por encargos ya que es bien reconocida en la ciudad de Masaya y en su domicilio cuenta con dos trabajadores quienes devengan salarios, en la institución tiene 4 años de ser cliente quien a adquirido 12 préstamos que los paga en tiempo y forma, el crédito lo invertirá en la compra de materia prima como carne de cerdo, hoja de chagüites, mecates, arroz, chiltoma, cebolla, tomate, sal, maíz, cal, papa, etc. Zenobia tiene 45 años y su negocio es tener una pulpería en su domicilio, Melenciana tiene 59 años de edad y su negocio es venta de tortilla y frito de cerdo, Ignacio tiene 59 años de edad y su negocio es la venta de hoja de chagüites para hacer nacatamales y Humberto tiene 47años y su negocio es una panadería.

Previous Loan Details

This is a group of four enterprising members. Zoila’s business is buying and selling pigs. She also butchers them and makes nacatamales [Nicaraguan style tamales], an activity she’s been in for ten years. She starts out making pork nacatamales. The meat costs her less if she butchers the pigs... More from Pio Xii 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
  • 53
    View loans »
    Nicaragua Loans Fundraising
  • $26,296,575
    Funds lent in using Kiva
  • 24.9
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of Pio Xii Group's $2,750 loan helped a member to buy ingredients for tamales.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Mar 23, 2013
Apr 22, 2013
Currency Exchange Loss:
Sep 27, 2013